Trump encourages China to buy US soybeans as Asian nation faces shortage – Washington Examiner
Former President Donald Trump urged China to increase its purchases of U.S. soybeans to help address the country’s current shortage of the crop. In a post on his Truth Social account, Trump suggested that China should “quadruple” its soybean orders, noting that this action would also substantially reduce China’s trade deficit with the United States. He promised expedited service for any orders made and thanked Chinese President Xi Jinping.
This call comes amid the impending expiration of tariffs previously imposed on Chinese goods, with discussions ongoing about the next steps regarding these trade measures. China imports over 60% of the world’s soybeans, primarily from the U.S. and Brazil, but has reduced its imports from the U.S. since 2018. Vice President J.D. Vance acknowledged on Fox News that no final decision about tariffs has been made, recognizing the complexity of U.S.-China relations beyond trade issues.
Trump encourages China to buy US soybeans as Asian nation faces shortage
President Donald Trump encouraged China to buy soybeans from the U.S. to address the Asian country’s crop shortages.
The president suggested that the country “quadruple” its orders in a post to his Truth Social account on Sunday night. He also said that if China opted to do so, it would go a long way toward “substantially reducing” its trade deficit with the U.S. Additionally, Trump also promised an expedited service if any orders were placed.
“China is worried about its shortage of soybeans,” Trump posted. “Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders.” This is also a way of substantially reducing China’s Trade Deficit with the USA. Rapid service will be provided. Thank you President XI.”
Trump’s post comes as the deadline for Trump’s previously announced tariffs on Chinese goods is set to expire on Tuesday, according to reports.
China reportedly imports more than 60% of the world’s soybeans, with most shipments coming from the U.S. and Brazil. Last year, the country received more than 105 million metric tons of soybeans, according to Reuters, with slightly under 25% of those imports coming from the U.S. It used to be a much higher percentage; however, China started to decrease its soybean imports from the U.S. beginning in 2018.
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Regarding the tariffs, the Trump administration still appears to be undecided on its course of action. Vice President JD Vance discussed the potential for Chinese tariffs on Fox News’ Sunday Morning Futures. He explained that no decision had been made yet, but said that tariffs on China were “on the table,” adding that doing so is a more complex issue given the geopolitical ramifications involved.
“The president said he’s thinking about it, but he hasn’t made any firm decisions,” said Vance. “The China issue is a little bit more complicated because our relationship… affects a lot of other things that have nothing to do with the Russian situation.”
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