How the Humble Soya Bean Has Become a Political Weapon in US-China Trade War

How the humble soya bean has become a political weapon in US-China trade war

The humble soya bean has become an unlikely political weapon in the US trade war with China. In rural Illinois, American farmers have the bittersweet reality of bringing in great harvest but losing their main buyer. Last year, China bought billions of dollars worth of American farmed soy. This year, in retaliation for Donald Trump’s tariffs, they haven’t bought a single bean. “It’s a pretty big issue,’ says Luke Holst, who runs a family farm in …

Concern among NC farmers, as China boycotts US soybeans

Soybeans, one of the state’s top five cash crops, are again caught up in the most recent maneuver in the trade war with China, ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping. Earlier this month, news reports suggest that China halting US imports of soybeans is a relatively easy and risk-free way to apply pressure on the Trump administration.  However, in the current marketing year, which started on Sept. 1,…

Soybeans – a new front in the US-China trade war – The Observatorial

The US and China are increasing pressure on each other regarding soybean import and export, aiming to create trade advantages before the meeting between the two countries’ leaders. September is usually the start of the soybean harvest in the US. This is also the time when China, the world’s largest soybean importer, massively orders from […]