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China says it will exclude soybeans and pork from additional tariffs, marking a huge win for US farmers in the trade war
China said that it would be pushing its domestic companies to purchase a "certain amount of US farm produce."
The drive to open up more land for farmers in Brazil is helping to contribute to the conditions driving the fires in the Amazon rainforest.
The US farming industry contributes more than $100 billion to the economy — but it's being threatened by trade wars and climate change.
27.5 million tons of US soybeans expected to go unsold this year as a direct consequence of the trade war with China
The trade war has had a major impact on agriculture over the past two years with the latest USDA figures highlighting the soybean market's problems.
More soybean diplomacy from China is intended to surprise — and please — President Donald Trump, but there's not much to encourage US soybean farmers.
Brazil has seen exports to China jump as a result of the stopping of US soybean exports to China thanks to the trade war.
Farmers breathed a sigh of relief when the US and China agreed to a trade-war ceasefire. But economists say the soybean industry won't entirely recover.
University of Illinois agricultural economist Scott Irwin said almost $5 billion meant to shield US farmers from Trump's policy is being stalled.
Economists say the return may have had less to do with a deal and more to do with China trying to meet soybean demand.
Trump is failing to achieve one of the biggest goals of his trade war, and he only has himself to blame
President Donald Trump's tariffs on Chinese goods are driving up the trade deficit, the opposite of the president's stated goal for the trade war.