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ElwoodBlues · M
US farmers got thrown under the bus by the tRump admin. Do they realize this is what they voted for??
In 2024, American soybeans were a nearly $25 billion export, with China as the top importer, spending $12.6 billion.
A year later, thanks to Trump's frenetic tariff spree, China has so far bought zero American soybeans. The largest customer for American farmers is shopping somewhere else, just as the crop is coming in.
Guess where that takes us: Argentina is more than happy to sell China soybeans. China bought a quarter of Argentina's soybean crop on Sept. 23, 7 million metric tons. And China got a good deal, since Argentina suspended export taxes on that purchase.
https://www.usatoday.com/story/opinion/columnist/2025/10/08/trump-bailout-argentina-soybean-farmers-aid/86563668007/A year later, thanks to Trump's frenetic tariff spree, China has so far bought zero American soybeans. The largest customer for American farmers is shopping somewhere else, just as the crop is coming in.
Guess where that takes us: Argentina is more than happy to sell China soybeans. China bought a quarter of Argentina's soybean crop on Sept. 23, 7 million metric tons. And China got a good deal, since Argentina suspended export taxes on that purchase.