Reported about 5 hours ago
The ongoing trade war led by President Donald Trump has likely resulted in a permanent loss for U.S. soybean farmers in their key market – China. U.S. soybean exports to China, valued at $12.6 billion in 2024, have drastically declined as China shifts to sourcing from Brazil and Argentina. Analysts predict that even with potential future trade agreements, the U.S. may not regain its previous market share in the soybean market, significantly affecting farmers' income.
Source: YAHOO