US Edition
US soybean farmers battered by trade row with China
Maryland soybean farmers face a 40% price drop and lost China market worth $12.6 billion last year amid tariffs and retaliatory taxes, increasing financial pressures.
- US soybean farmers are facing financial crisis due to a 50% drop in exports to China amid the ongoing trade war.
- Prices for soybeans have fallen about 40% from three years ago as China imposed 20% tariffs, making US soybeans more expensive than those from South America.
- The American Soybean Association called the trade situation with China 'deeply disappointing,' while farmers see government bailouts as temporary solutions.
60 Articles
60 Articles
The concern grows among American soybean producers, in the middle of the harvest season, as trade tensions between Washington and Beijing gradually shut down their access to the world’s largest oilseed market. These producers are among the first victims of the trade war initiated by President Donald Trump, and face the fall in Chinese purchases. In response to US tariffs, Beijing imposed on a number of products, including soybeans, a 20% tax sur…
As harvest begins, soybean farmers are encouraged to store bushels and wait
GRAND FORKS — It’s hard yet to fully grasp the impact tariffs and the trade relationship between the U.S. and China will have on the soybean market in North Dakota, said the vice chairman of the North Dakota Soybean Council, but producers in the region are making adjustments. Evan Montgomery, a farmer who represents the Grand Forks area, said elevator operators are encouraging farmers to bin their beans. “Wait for this to blow over, wait for som…
As the world's first market for soybeans, China is gradually closing up to American producers in the wake of the Washington-Beijing trade war.
Farmers caught in Trump's trade war wait for bailout. But many call it a temporary fix.
This harvest season, the trade war with China has added to the farm economy’s woes, as producers deal with lower crop prices and high costs. The post Farmers caught in Trump’s trade war wait for bailout. But many call it a temporary fix. appeared first on WPR.
Trump’s trade war has cemented Brazil’s place as the soybean superpower, says The Economist
They say no one wins a trade war. Certainly, there are fewer bigger losers than soybean farmers in the United States. Since May China, by far their biggest customer, has refused to buy a single bushel in retaliation for Donald Trump’s tariffs. The spat is ruining farmers in Illinois; Mr Trump is set to announce a US$10bn agricultural-relief package. It is also raising costs for crushers in China’s Shandong province, who press beans into animal fe
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