Summary
China is not buying as many American soybeans as it promised to President Donald Trump. The U.S. is concerned because soybeans are a big part of their agricultural exports, and China is a key buyer. Despite some sales, it is unclear if China will purchase the agreed amount.
Key Facts
- China agreed to buy U.S. soybeans but has been slow in purchasing them.
- Soybeans are the U.S.'s most important agricultural export.
- Earlier, China stopped buying U.S. soybeans due to increased tariffs from President Trump.
- Recent sales to China are smaller than expected, with figures much lower than China's commitment.
- China is looking for more soybean sources and has increased imports from Brazil and Argentina.
- President Trump discussed soybean purchases with China's President Xi, saying they had a positive talk.
- China's increased imports from Brazil now make up more than half of their soybean imports.
