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File photo: US President Donald Trump and Chinese President Xi Jinping (Picture credit: PTI) China has purchased at least 10 cargoes of US soybeans, worth around $300 million, in contracts signed since Tuesday, sources quoted by news agency Reuters claimed. The deals come a day after US President Donald Trump spoke with his Chinese counterpart…
AI image for representation only. TL:DR: Driving the newsChina, once the biggest buyer of American soybeans, hasn’t booked a single purchase from this year’s US harvest – sending prices tumbling and farmers into panic. The abrupt halt mirrors Beijing’s previous use of rare earth exports as leverage in trade wars. Now, it’s soybeans.US President Donald…
American farmers are looking at losing billions of dollars as Chinese importers have refused to buy US soybeans due to tensions between the two nations. To ease the blow, US treasury secretary Scott Bessent announced that the government will be rolling out new support measures for the farming sector.Bessent told CNBC that the federal government…
Trump and Xi (Generative AI) US President Donald Trump announced plans to use a portion of the revenue collected from tariffs to support American soybean farmers, who he claimed have been hit hard because China, for “negotiating” and not buying their produce. Taking to X, Trump wrote “The Soybean Farmers of our Country are being…
