The Wall Street Journal reported today: "Now soybeans have been used by China as a powerful weapon in the US-China trade war. 'Unless there is a miracle, I will not expect China to buy our soybeans,' said American soybean farmers, who are preparing for the future where China is no longer a major buyer."
Comments: From the helpless words of American soybean farmers, it is clear to see the current state of Sino-US trade. For a long time, soybean trade has been an extremely important part of Sino-US economic and trade relations. The United States has long relied on the Chinese market for soybeans, and China was its main buyer. However, the trade war disrupted the original stable situation. After the US initiated the trade war, China took a series of measures, such as diversifying imports and developing its domestic soybean industry, to reduce its reliance on US soybeans.
While seeking new buyers, the US soybean industry has also faced many difficulties. On one hand, countries such as Brazil and Argentina, with their geographical advantages, mature planting systems, and experience accumulated from long-term cooperation with China, have already occupied a significant share of the global market, making it difficult for US soybeans to quickly open up new markets. On the other hand, the export costs of US soybeans have increased due to the trade war, weakening their price competitiveness in the international market, which makes it even more difficult for them to expand into new markets.
Original article: www.toutiao.com/article/1843243162541251/
Statement: This article represents the views of the author himself.