US President Donald Trump imposed a 145 % additional tariff on all Chinese imports, although he stopped his “mutual” strikes on all other countries in a sudden reflection last week.
block China is not retreating, saying that “fighting to the end” If Trump continues to intensify what has already become a major trade war.
On Friday (11), China has also increased significantly from its definitions on US imports to the country.
To analyze the nation that it can give first, CNN Larger China imports From the United States, soybeans, to see if this request can be met elsewhere and how we farmers can lose and more.
Both countries are deeply interconnected in terms of trade, although China sells to the United States more than three times more than you buy. The result is a major trade deficit of about 300 billion dollars in favor of China, a Let us be Trump You want to close with definitions.
China mainly buys American agricultural products, including soy, oily seeds and grains. Soy imports, mainly used in animal feeding, were affected during the first period of Trump, when the two countries faced each other in a previous trade war.
At that time, China has sought to diversify the origin of its imports and order agricultural products from other countries. This should happen again, after China imposes a rate of 125 % on All American imports A procedure, according to analysts, can reduce the Chinese imports of American agricultural goods, such as soybeans, to zero.
US soybeans are now subject to China at a total rate of 135 % resulting from a rate of 10 % imposed on some agricultural products in March, in addition to an average of 125 % announced on Friday.
During the first trade war between the United States and China, Brazil – the world’s largest exporter – emerged as a winner, with the increase in Chinese legumes over the years. Brazilian soybeans have grown to China more than 280 % since 2010, while American exports have been stable.
Last November, Xi made a government visit to Brazil, with the goal of strengthening relations between the two countries. In 2024, China was the main destination for Brazilian soybeans, representing more than 73 % of the total soybeans.
With the expectation of increased production, the Brazilian soybean crop should reach record levels this year. China can increase its imports of Brazil and other South American countries, such as Argentina, which is currently the third largest soybean product in the world, after Brazil and the United States.
What does this mean to us for farmers
The American agricultural sector lost about 27 billion dollars during the 2018 trade war, with 71 % of the ti -related losses, according to the American Soy Society.
And farmers, many of whom live in the states that voted in favor of Trump in the 2024 elections, are still fighting the consequences. Only Illinois, the largest soybean producer, and Minnesota, the third largest production of soybeans, voted for former Vice President Kamala Harris last November.
China is seeking more allies outside Brazil to combat American definitions and expand trade cooperation. On Thursday, China announced that it is ready to work with the countries of Southeast Asian Association (Anas) to enhance communication and coordination.
Earlier this week, the Chinese Minister of Trade discussed with the European Union authorities the resumption of negotiations on commercial relief and electric cars.
