US Soybean Farmers Warn Trump: Without A China Trade Deal, America Risks Losing Billions As Beijing Turns To Brazil

U.S. soybean farmers are pressing Trump to secure a trade deal with China that includes substantial soybean purchase commitments, according to Reuters. The American Soybean Association urged Trump to finalize a trade deal with China that includes major soybean purchases as China shifts to Brazilian supplies amid trade tensions. The ASA warned that U.S. soybean farmers, already facing lower prices and rising costs, may not survive a prolonged trade dispute with China. They warned that U.S. farmers risk losing billions as China shifts to Brazilian soybeans. China accounted for 54% of U.S. soybean exports worth $13.2 billion in 2023 to 2024. Trump recently called for China to quadruple its U.S. soybean orders, though experts doubt the feasibility. Concerns mount as China has not pre-purchased from the upcoming harvest, despite favorable global crop conditions.