FX.co ★ Trump Claims China Will Restart U.S. Soybean Imports After Xi Talks

President Donald Trump expressed optimism that China would soon recommence purchasing U.S. soybeans following his forthcoming meeting with President Xi Jinping, in spite of the ongoing trade tensions between the two countries. In a statement on Thursday, Trump mentioned his intention to urge Xi to terminate Beijing’s prolonged suspension of American soybean imports. Concurrently, Agriculture Secretary Brooke Rollins communicated that the announcement of the federal relief package for farmers experiencing hardship will be deferred until the government is back in operation. The Trump administration is strategizing this aid as provisional support until market circumstances become more favorable. While the U.S. and China have reached a temporary trade ceasefire, China has persisted in procuring soybeans from Brazil and Argentina, an action Trump characterized as a strategic maneuver in the larger context of trade discussions.