The Brazilian government stated that between January and August of this year, soybean exports to China reached a value of 77 million metric tons amid the tariff war imposed by the United States. Experts point out that since the start of the tariff war declared on several countries by the Trump administration, the trade in grains and legumes between Brazil and the Asian giant has experienced a notable increase. Livio Ribeiro, associate researcher at the IBRE Study Center of the Getulio Vargas Foundation and the University of Rio de Janeiro, states that at this time of year, Brazilian soybeans become one of the main items of trade between the two countries. Cooperation between the two countries in the face of U.S. sanctions demonstrates their willingness to develop ties independent of the United States hegemony.
00:00The Brazilian government stated that between January and August of this year, soybean exports to China reached a value of 77 million metric tons amid the tariff war imposed by the United States.
00:12Experts point out that since the start of the tariff war, declared on several countries by the Trump administration, the trade in grains and legumes between Brazil and the Asian giant has experienced a notable increase.
00:25Livio Ribeiro, associate researcher at the Ivre Study Center of the Quetulio Park Gas Foundation and the University of Rio de Janeiro, states that at this time of year, Brazilian soybeans become one of the main items of trade between the two countries.
00:43Cooperation between the two countries in the face of U.S. sanctions demonstrates their willingness to develop ties independent of the United States and Germany.
00:55China won't buy from the United States due to the price. Since it's more expensive there, this tariff barrier opens an opportunity for us here.
01:07So we must be very attentive to these moments. We should try to make future sales for the delivery of the next harvest, taking advantage of these moments when we have a good price.
01:16Unfortunately, today we are in a situation where the price has not yet reached this result for us, producers, but it should arrive at the end.
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