While on one hand Donald Trump is terming the tariff as a step towards increasing US revenue, on the other hand due to this, trade tension is continuously increasing. Especially US-China Trade Tension is in the headlines. Meanwhile, American soybean has been a big headache for Trump since the beginning, whose biggest buyer is Dragon. The American President has been seen many times pleading with China to buy it, but now he has also started warning about its tough stance. He has termed China’s restrictions on rare earth, soybean and other sanctions as a direct economic attack on the US.
Trump has China Gave this warning to
President Trump said a big thing in a latest post on the social media platform Truth Social. He wrote in it, ‘I believe that China deliberately not buying our soybeans and creating difficulties for our soybean farmers is an economically unfavorable step. We are considering ending our trade related to cooking oil and other trading activities with China as a retaliatory action. He further said that we can easily produce cooking oil ourselves, we do not need to buy it from China.
China is a big buyer of American soybeans
China has always been a major buyer, typically purchasing at least a quarter of US soybeans. But, when last May America When China imposed tariffs on Chinese imports, China stopped purchasing soybeans. This created a big crisis for American farmers. Caleb Ragland, Chief of the American Soybean Association Business Group, had called this move of China a big warning for the industry.
Talking about the loss caused by stopping China’s soybean purchase, according to reports, last year in 2024, America had exported soybean worth about $ 24.5 billion and in this, China bought American soybean worth $ 12.5 billion. According to the New York Times, this year the figure of China’s purchases is zero.
US-China trade war intensifies
Against China’s tightening of restrictions on rare earth materials last week. donald trump Had announced to impose 100% high tariff on all goods imported from China and said that it will be implemented from November 1, 2025. In response to this, the Chinese Commerce Ministry had also issued a big statement of being ready for war.
However, in the past, they were seen pleading to buy soybean from China, but now their tone has changed. President Trump said his administration is considering “terminating cooking oil trade with China” in retaliation for Beijing’s refusal to buy American soybeans.
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