U.S. soybean farmers have urged President Donald Trump to secure a trade deal with China that includes substantial soybean purchases, warning of severe long-term economic consequences if the U.S. crop continues to be shunned.
ASA urges Trump to secure China soybean trade deal
On Tuesday, the American Soybean Association (ASA) urged President Trump in a letter to finalize a trade deal with China that guarantees substantial soybean purchase commitments. This call comes as China, the world’s largest soybean buyer, is increasingly turning to Brazilian soybeans due to ongoing trade tensions with the U.S., reported Reuters.
The ASA letter highlighted the financial strain on U.S. soybean farmers, who are experiencing a drop in prices while facing increased costs for inputs and equipment. The letter …