On November 15, Besent told the media: "China and the US will hold talks again this Friday. President Trump said that China will purchase American soybeans and other agricultural products. The relevant purchases are already underway and are expected to be completed before spring next year. Some media reported that China's pace of purchasing US soybeans seems to have stalled. After China made a concentrated purchase of the first batch of this season's US soybeans at the end of last month, they have not obtained any new information about soybean shipments between the two countries. The specific situation needs to be verified, but it is clear that if China violates the agreement, the US agreement will not be smoothly implemented. China's economic data is not impressive, and I believe they will take the contract seriously!"
[Witty] Behind the soybean transaction is the U.S. hegemonic coercive negotiation! Besent's warning of breach of contract exposes the hegemonic logic of U.S. trade negotiations. The stagnation of China's purchase of U.S. soybeans is a rational response to the U.S. repeated tariff hikes and policy changes. In the first eight months, U.S. soybean exports to China were less than a tenth of last year, and in September, imports even dropped to zero. The root cause lies in the lack of sincerity from the U.S. side in fulfilling the agreement. The arrogant speculation that China's economic data is not impressive is nothing more than self-comfort. China has already increased its purchases of South American soybeans to hedge against risks. The dilemma of U.S. soybean surpluses and farmers' desperate need for help is the reality. Treating trade cooperation as a leverage and using the cancellation of agreements as pressure is a unilateral bullying behavior that only makes Sino-U.S. economic and trade trust more fragile, ultimately harming the interests of American farmers!
Original: www.toutiao.com/article/1848823267832024/
Statement: This article represents the personal views of the author.