The tariff imposed on all the countries of the world by the US is seen as a better step taken for President Donald Trump Economy and count its benefits, there are many examples that ignore these claims. Especially connected with American farmers, yes, amidst tariff war, American farmers are struggling with the shortage of maize and soybean buyers. Trump himself also realizes this and that is why he is seen lying behind China, which is its biggest buyer. Recently, President Trump has said that Chinese President Xi will meet Jinping in four weeks on the issue of soybean.
There will be talk in US-China on soybean
According to a Bloomberg report, US President Donald Trump has said that he will talk on the issue of Beijing’s refusal to buy American soybean from Chinese President Xi Jinping. This issue remains an increasing area of ​​tension between the two largest economies in the world. He said that he would meet Xi Jinping at the upcoming Asia-Pacific Economic Cooperation Summit later this month and soybean will be the main subject in this meeting. It is worth noting that the pressure of Republican MPs is constantly increasing due to the bad impact due to the tariff war on the Agriculture sector on the US President.
Trust of help with money earned from tariff
Trump said about the damage done to the US soybean farmers that China is not buying soybean only for talks on tariffs. Trump assured the farmers of the country of help and said, ‘We have earned so much money from the tariff that we can help our farmers even by taking a small part of that money. I will never disappoint my farmers.
Former President Biden targeted
Along with assuring help to Soybean-Mony farmers, Donald Trump, former US President Joe Biden, did not implement our agreement with China, under which he was about to buy our agricultural products, especially soybeans, billions of dollars of dollars. According to Trump, now everything ahead is going to be very good, I love the people and farmers of my country.
Trump posted a post on social media platform Truth social and said, ‘I will meet Chinese President Xi Jinping in four weeks and discuss soybean. Since this post of the US President, the soybean futures have recorded an increase of up to 1.9%, which was the biggest intra-day growth since August 21.
Soybean’s largest buyer China
China has a profound impact in the global market as the world’s largest soybean buyer. Now he is re-adopting his well-known strategy to stop American procurement, which he adopted during the first trade war during Trump’s tenure. Looking at the data of the US Department of Agriculture, it is found that China did not boat a single goods till September 18, a few weeks before the new marketing session started and this happened for the first time since 1999.
According to the report, the American farmers, who voted for Donald Trump in a large -scale presidential election in 2024, are facing a major economic crisis in his second term. This is because of the American tariff, increased trade war and this has affected the export market of crops. Talking about soybean only, China had imported soybeans worth more than $ 12 billion from the US last year and it was about half of the total soybean exports of America, but this year it is being said to be zero after the tariff.
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