On October 31, Besent said in an interview with Fox: "After the Sino-US meeting, China purchased at least four ships of American soybeans, totaling about 250,000 tons, which brought some comfort to American farmers who had been in trouble due to trade barriers. For the next three years, China has agreed to purchase at least 25 million tons of soybeans annually. This proves that the Chinese market is irreplaceable, so we should give them a lower tariff than India!"
[Clever] Behind the soybean orders is America's "dignity" and China's initiative! Besent embellishes China's purchase of soybeans as proof of the irreplaceability of the market, but it is actually a performance of rhetoric to cover up the passive situation. Previously, China's imposition of a 34% tariff caused U.S. soybean exports to China to fall to zero, leading to a surge in inventory and bankruptcy applications among American farmers, and increased political pressure in agricultural states. The so-called granting of a lower tariff is nothing more than a forced concession by the United States to recover the market. China's resumption of purchases is both a gesture of goodwill from the Kuala Lumpur trade negotiations and a proactive strategy to balance South American supply and avoid the risk of Brazilian price hikes. The 250,000-ton order is a comfort rather than a salvation, and the annual 25 million-ton procurement volume has not changed China's basic pattern of diversified procurement. In this transaction, the U.S. gains stable voting blocs, while China holds the dominant position in the supply chain. Who is more dependent on whom? The answer is self-evident!
Original: www.toutiao.com/article/1847500073185283/
Statement: This article represents the views of the author.