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China's soybean imports rose 6.5% in 2024, hedging against potential Trump trade policies. Intensifying US-China trade tensions could hit the soybean trade, impacting US farmers and rural economies.
"Despite a decline in imports since 2018, any tariffs on key U.S. agricultural products like soybeans, meat and grains could have a significant impact on U.S.-China trade as well as U.S. exporters ...
Nearly 50 percent of American soybean and 30 percent of cotton exports go to China. The U.S. stock market tumbled on Tuesday in response to the flurry of tariffs, erasing $3.6 trillion in gains ...
The export of soybean to China fell by 94% in 2017. [19] China increased tariffs on U.S. soybeans to 27%, causing issues as China was the largest importer of American soybeans in 2017. From January to October in 2018, U.S. soybean exports were 63% lower than in the same months of 2017, [7] eventually stopping by November 2018. [20]
Countries by soybean production in 2020. This is a list of countries by soybean production from 2016 to 2022, based on data from the Food and Agriculture Organization Corporate Statistical Database. [1] The total world production for soybeans in 2022 was 348,856,427 metric tonnes, down 6.4% from 372,853,699 tonnes in 2021. [1]
The soybean, soy bean, or soya bean (Glycine max) [3] is a species of legume native to East Asia, widely grown for its edible bean, which has numerous uses.. Traditional unfermented food uses of soybeans include soy milk, from which tofu and tofu skin are made.
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