Chinese Agricultural Interference in U.S. Markets
Originally published by Real Clear World
A breakthrough in agricultural sector brinkmanship was announced during President Donald Trump’s recent highly anticipated meeting with Chinese leader Xi Jinping in South Korea. China, which had been boycotting American soybeans as part of a trade standoff, agreed to resume purchases from our farmers—and even committed to buying 25 million metric tons annually in each of the next three years as part of a negotiated trade deal. This was coupled with an end to retaliatory tariffs on a variety of other U.S. agricultural products.
While this trade war announcement is welcome news to American farmers, the preceding pause in soybean purchases is but one visible aspect of a larger strategy by the Chinese to insert themselves into our agricultural sector by undermining American producer independence, extracting industry trade secrets, and manipulating markets.
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