Trump urges China to quadruple soybean orders
Trump urges China to quadruple soybean orders
www.reuters.com
reuters.com
- Trump asks China to buy more U.S. soybeans
- China-US tariff truce deadline looms
- Analysts say quadrupling soybean orders is 'highly unlikely'
Aug 10 (Reuters) - U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal.
In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the U.S.
The last time around, China found other countries happy to produce and sell to China, and most of those buyers never fully returned to bugging exclusively from the US. It's going to be worse this time around.
With meat prices surging, I bet at least some of it goes to vegetarian food here in the US.
Tofu has been ridiculously cheap here lately, but I'm in the soybean/corn belt. It's been pretty great, honestly. "Real" proteins are a minimum of $6 per pound for the worst cuts, so getting tofu for roughly $1 per pound has been incredible. I just wish my spouse liked it as much as me and my kid do.