On Sunday, U.S. President Donald Trump urged China to greatly boost soybean imports from the U.S. to help reduce its trade deficit. However, experts say a sharp increase is unlikely due to ongoing trade tensions and China’s changing buying habits.
Trump's remarks came as a tariff truce between the two countries approaches its 12 August expiration date, with some hints of a possible extension.
China, the world's largest soybean importer, sources more than 60% of the global shipment, mainly from Brazil and the U.S. Last year, China imported about 105 million metric tons of soybeans, with roughly 25% from the U.S.
Quadrupling imports would require China to heavily favour U.S. soybeans over Brazil’s.
Experts doubt this will happen. Johnny Xiang of AgRadar Consulting called it 'highly unlikely' for China to quadruple U.S. soybean purchases.
China has steadily decreased reliance on U.S. soybeans, shifting towards South American suppliers.
Under the Phase One trade deal, China committed to buying more U.S. agricultural products, but fell short of these targets.
Recently, Chinese buyers have not purchased fourth-quarter U.S. soybeans, fuelling concerns as the U.S. export season nears. Instead, they have purchased soymeal from Argentina to secure cheaper supplies amid potential disruptions.
The U.S. soybean industry is seeking new buyers, but none match China's scale last year, China imported 22.13 million tons from the U.S. and 74.65 million tons from Brazil.
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Here's your AnewZ Daily Brief for 18 September 2026. These are the top five stories making headlines in the field of science.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
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