U.S. insisting soybeans are a part of any China deal

The Trump administration will push China to resume U.S. soybean imports in any potential trade deal. The tit-for-tat trade war has moved China's purchases lower as the nation slapped a 25 percent tariff on U.S. soybeans. The Trump administration says, ahead of broad-based talks at the G20 Summit, the U.S. will push to secure future sales to China, to curb lingering effect following the trade war. Steve Censky, Deputy Agriculture Secretary, told Reuters Trump would be looking for a “robust level of commitments from China for purchases, because we want to make sure that we resume our sales.” Censky is the former American Soybean Association executive director and said previously China was “strategic” in inflicting “pain” on Trump’s rural political base. However, even if the trade war comes to an end, the talks at the end of this month are just the first stepping stone, meaning tariffs are expected to remain well into next year.

 

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