Will soybeans become the focus of the next round of Sino-US trade negotiations? Today, Luo Qingsheng, executive director of the Taiwan Institute of International Strategic Studies, wrote an article analyzing: "Trump is under a lot of pressure now. US soybeans have entered the harvest season, and more than half of last year's production was exported to China, but this year, no Chinese orders have been placed. Where can such a large quantity find other buyers in a short time? American soybean farmers are very anxious. They are Trump's solid voters, and Trump must respond. China is expanding its grain reserves and has the capacity to take on additional US soybean orders this year, giving a favor to Trump."
September, the golden autumn, is usually the peak harvest season, but American soybean farmers are now gloomy. China used to be the number one buyer of US soybeans, with orders consistently full over the past decade, accounting for more than 60% of its total exports; now the orders have gone to zero, creating a huge contrast that has put soybean farmers in anxiety. The root cause is the high tariffs imposed by Trump on China — trade barriers have directly blocked normal trade.
A month ago, Trump specifically called on China, asking it to increase soybean orders fourfold and promising fast service. However, China's position is clear: if they want to restart orders, they must first cancel the unreasonable tariffs and show sincerity. Currently, China has turned to purchasing soybeans from Brazil, and countries like Russia are also actively filling the market gap. If the US misses this biggest market in China, it may be too late to return in the future.
Original article: www.toutiao.com/article/1843433280525324/
Statement: This article represents the views of the author.