Trump Plans Meeting With Xi, Soybeans Key Topic
U.S. President Donald Trump announced that he will meet Chinese President Xi Jinping in about four weeks, with soybean trade expected to dominate discussions. Trump accused China of deliberately delaying purchases of U.S. soybeans to use as leverage in ongoing negotiations, which he said is hurting American farmers.
Farmers Under Pressure
Soybean growers in the United States have faced losses as China shifts its purchases to Brazil and Argentina. The fall in Chinese demand has also led to weaker futures prices on the Chicago Board of Trade, adding pressure on U.S. agricultural exports during peak export season.
Strategy and Trade Stakes
The Trump administration is expected to push for renewed Chinese commitments to purchase U.S. soybeans as part of a broader effort to reset trade ties. Analysts, however, remain cautious, noting that Beijing may not easily reverse its reliance on South American supplies amid wider geopolitical frictions.
Likely Venue and Broader Agenda
The meeting is expected to take place around the APEC Summit in South Korea. Alongside soybeans, the leaders are likely to discuss tariffs, technology exports, and regional security issues, making the summit a key test of U.S.–China relations going forward.
