U.S. soybean war

U.S. exports of soybeans to China – the world’s biggest market – have all but collapsed, leaving farmers with a record 125 million-tonne crop, and boosting soy exports from Brazil to a new high


May 29, 2018: Trump administration imposes 25% duty on $50 billion of Chinese products

Jul 6: Beijing raises tariffs on soybeans by 25%

Jul 24: Trump pledges $12bn in aid for farmers hit by trade war

Sep-Dec: Soy exports to China shrink to just 341,000 tonnes

May Jun Jul Aug Sep Oct Nov Dec


China’s imports of soybeans 	From U.S.	From Brazil 	Other

2017				32 		54 		8
94 million
tonnes

Change 				74% 		48%

2018
91 million			8.2 		80.1 		2.7
tonnes

$12.4 billion: Value of U.S. soybean exports to China


Sources: Reuters, USDA, ANEC 
Picture: Associated Press
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