Reported 2 days ago
China's recent retaliation against U.S. tariffs includes imposing a 34% duty on American agricultural products, which is expected to significantly decline U.S. soybean exports and accelerate China's pivot to Brazilian suppliers. This strategic move, which started during the previous trade war under President Trump, positions Brazil as the primary beneficiary, likely leading to increased demand and stronger prices for soybeans in South America as China looks for alternatives.
Source: YAHOO