Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com -- U.S. President Donald Trump said Thursday he plans to discuss soybeans with Chinese President Xi Jinping during their upcoming meeting, while issuing a warning about potential restrictions on Chinese imports to the United States.
Trump indicated the United States might need to halt a significant portion of imports from China if trade relations between the two countries do not improve.
The soybean market has become a focal point in ongoing trade tensions. China, which stands as the world’s largest soybean buyer, has dramatically reduced its purchases of U.S. soybeans in recent months.
Instead, Chinese buyers have shifted their purchasing toward Brazilian and Argentine soybeans amid continuing tariff and trade disputes between the world’s two largest economies.
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