China-US trade war is making American soybean farmers anxious

When China tentatively agreed last month to increase its imports of US goods, American soybean farmers sighed with relief. They had been holding their breath since April when Beijing, in response to the Trump administration’s tariffs on steel and aluminium in March, first proposed retaliatory duties on industrial and agricultural products, including soybeans. The threat caused the price of US soybeans initially to plunge, and they have continued on a slower, but still downward trend in the past several weeks, reports South China Morning Post.

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