In recent years, China has consistently been the largest importer of U.S. soybeans, typically purchasing more than half of U.S. soybean exports. Last year, China bought $12.6 billion in American soybeans. But since May, that number has plunged to $0, as China has imposed retaliatory tariffs on American soybeans in response to Trump’s tariffs.
Link: https://finance.yahoo.com/news/cnbc-host-tells-scott-bessent-155642942.html
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