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.
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including ...
A seven-month-old Japanese macaque has captured global attention after forming an unusual but heart-warming bond with a stuffed orangutan toy followin...
Ukraine’s President Volodymyr Zelenskyy has approved new sanctions targeting Russian maritime operators, defence-linked companies and individuals co...
The chief executive of Google DeepMind, Demis Hassabis, has called for more urgent research into the potential dangers posed by artificial intelligenc...
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia,...
A seven-month-old Japanese macaque has captured global attention after forming an unusual but heart-warming bond with a stuffed orangutan toy following abandonment by its mother.
Ukraine’s President Volodymyr Zelenskyy has approved new sanctions targeting Russian maritime operators, defence-linked companies and individuals connected to Moscow’s military and energy sectors, according to official decrees issued on Saturday.
The chief executive of Google DeepMind, Demis Hassabis, has called for more urgent research into the potential dangers posed by artificial intelligence, warning that stronger safeguards are needed as systems become more advanced.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 February, Thai police confirmed.
A seven-month-old Japanese macaque has captured global attention after forming an unusual but heart-warming bond with a stuffed orangutan toy following abandonment by its mother.
Ukraine’s National Paralympic Committee has announced it will boycott the opening ceremony of the Milano Cortina 2026 Paralympics in Verona on 6 March, citing the International Paralympic Committee’s decision to allow some Russian and Belarusian athletes to compete under their national flags.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
President Donald Trump said on Saturday (21 February) that he will raise temporary tariffs on nearly all U.S. imports from 10% to 15%, the maximum allowed under the law, after the Supreme Court struck down his previous tariff program.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment