The trade negotiations between China and the United States have reached an impasse, leading American soybean farmers to urge President Trump to quickly reach an agreement with China to ensure continued purchases of American soybeans by mainland China. However, with the mainland China planning to increase imports of soybeans from Argentina and Uruguay, American farmers face the risk of losing this market share in the coming year. Sources reveal that mainland China may purchase up to 10 million metric tons of soybeans annually from these two South American countries in the future, severely impacting American soybean exports.
According to Reuters, mainland China is reducing its reliance on American agricultural products and increasing soybean imports from other countries, posing greater challenges for American soybean exporters. American farmers are feeling anxious as they approach the upcoming soybean harvest season, facing uncertainties and losses brought on by the trade war. The mainland's efforts to increase soybean supply from countries like Brazil will have a negative impact on American soybean exports.
Faced with the continuous decrease in mainland China's purchases of American soybeans, the anxiety among American soybean farmers is escalating. They are urging the Trump administration to swiftly address the trade issues to avoid losing more overseas orders and to protect agricultural interests. Experts and farmers indicate that if the current situation persists, American farmers may face bankruptcy risks. The President of the American Soybean Association emphasizes that the trade war could result in farmers permanently losing markets and calls on the government to take action to safeguard agricultural interests.