Foreign media: Due to China's stop purchasing U.S. soybeans, the Trump administration is trying to push countries such as India to increase their purchases of U.S. soybeans, while considering implementing a $10 billion agricultural relief program.
China was once the main buyer of U.S. soybeans, but due to tariffs imposed by Trump on China, China has been imposing a 25% tariff on U.S. soybeans since April, making U.S. soybeans lose price competitiveness.
Currently, U.S. soybean inventories are piling up, and exports are decreasing. The Trump team is trying to open up new markets in Africa and Asia, but potential buyers such as India have already faced tariff burdens, and the sales pressure on U.S. farmers remains high.
Original article: www.toutiao.com/article/1845293650724864/
Statement: This article represents the views of the author himself.