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North Dakota Farmer Discusses Impacts of US-China Trade War
North Dakota soybean producers face financial strain from Chinese tariffs, with China as their largest export market and no sales this year, stressing the need for trade restoration.
- North Dakota soybean producers say they are fighting to survive as President Donald Trump will raise soybeans with Chinese President Xi Jinping in South Korea this month while the administration readies an aid package.
- China is the largest export market for North Dakota soybeans, and for this year's crop, China has yet to buy any U.S. soybeans, leaving other markets unable to replace it.
- In 2024 North Dakota ranked fourth in U.S. soybean acres, and Justin Sherlock warns the situation is urgent and could deteriorate rapidly.
- Federal aid may provide short-term relief, but soybean farmers in North Dakota say long-term survival depends on restoring trade with China amid stockpiling and domestic crushing options.
- Observers note trade wars historically fail and usually shift costs onto consumers and farmers, with observers saying they typically end up costing both groups.
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