Trump pushes China to quadruple soybean orders ahead of truce tariff expiration
'China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans,' Trump posted on Truth Social. 'I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China's Trade Deficit with the USA. Rapid service will be provided. Thank you President XI.'
China gets about 20 percent of its soybeans from the United States. Department of Commerce data shows China purchased roughly $12.6 billion worth of soybeans from the U.S. in 2024, far more than any other country.
Trump's post comes as a tariff truce between the U.S. and China is set to expire on Tuesday, though leaders from both countries have met in recent days to discuss an extension amid ongoing negotiations.
Trump earlier this year hit Beijing with a 145 percent tariff, a combination of duties on products over frustrations with the flow of fentanyl into the United States and 'reciprocal' tariffs that the president imposed on dozens of countries based largely on trade deficits.
Beijing responded with a retaliatory tariff of 125 percent on U.S. goods, but the two sides agreed to bring down their duties.
The White House currently has a 55 percent tariff rate imposed on Chinese goods.
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