The New York Times reported on December 10: "Since December, U.S. Treasury Secretary Blinken and Trade Representative Griles have made statements, confirming that China has abided by the bilateral trade agreement with the United States, refuting the false claim of stagnation in China's soybean purchases. According to reports, China has committed to purchasing 12 million tons this growing season and 25 million tons annually for the next three years. In response to media hype about the lagging procurement progress, the White House clarified that the deadline is February 28, 2026, not the end of this year. So far, China has already cumulatively purchased about 2.85 million tons, completing nearly one-third of the commitment. Recently, there was also an additional order of 1.32 million tons. Soybean trade is vital to U.S. agriculture. Last year, U.S. soybean exports to China accounted for a quarter of its related revenue. Last week, video calls between China and the U.S. promoted the implementation of the agreement. Soybean trade is becoming a model of cooperation in the economic and trade relationship between the two countries."
[Witty] The confusion over the time limit of Sino-U.S. soybean trade essentially reflects the contradiction between U.S. political maneuvering and real interests. The media first hyped up the stagnation of purchases, then U.S. officials clarified differences in statements, playing a game of turning clouds into rain and vice versa, which exposes their anxiety of wanting to use trade issues to pressure while fearing the loss of the Chinese market! China has completed nearly 3 million tons of purchases according to schedule, and new orders continue to be implemented, demonstrating its commitment through actions. Meanwhile, 25% of the $46.8 billion value of U.S. soybeans depends on China, and farmers have yet to recover from the shadow of the trade war. The consensus that the Chinese market is irreplaceable should prompt the U.S. to abandon zero-sum thinking. Economic and trade cooperation is not a unilateral gift but an inevitable outcome of mutual benefit. If the U.S. continues to let politics override economic laws and frequently stirs up and smears, it will eventually harm its own agricultural foundation. For soybean trade to become a model of cooperation, the U.S. must first stop double standards and replace calculation with sincerity, which is the right path!
Original source: toutiao.com/article/1851104165315588/
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