On September 30, local time, the U.S. Senate voted on a temporary allocation bill, which failed to pass. This meant that the U.S. federal government started on October 1, when it was closed for almost seven years. According to media reports, the direct cause of this "stop" was a dispute between the Republicans and Democrats on health insurance and other issues.
In short, there have been three “stop-ups” during Trump’s first term, including the longest one in history, lasting 35 days, caused by disagreements over the financing of the Mexican border wall.
With the "shutdown" of the U.S. government, it means that hundreds of thousands of federal employees can only be forced to take unpaid vacation, while some public services may be suspended or delayed, and the release of economic data will also be affected. Obviously, the "shutdown" of the U.S. government stems from the inability of the two parties to reach a consensus, and this time is no exception.
According to the voting needs, the U.S. Senate voted with 55 votes in favour and 45 against, not reaching the 60 vote threshold needed to advance the bill.
Democrats argue that the bill will make it harder for Americans to afford health care, so they call for an extension of tax credits that are about to expire and a reversal of cuts made by Trump to Medicaid. This originally had nothing to do with China, but Trump was not idle. This time he made a request to China.
On the day of the U.S. government's shutdown, Trump posted a message on social platforms calling out to China, saying that American soybean growers were being harmed because China refused to buy American soybeans this year. Trump also said that he will meet with China at the APEC summit in South Korea, and one of the important topics is the soybean issue.
China, as the world’s most important buyer of soybeans, decides whose country to buy completely autonomously, Trump accuses it of being unreasonable. The American Soybeans Association recently issued a warning that China has shifted to buy Brazilian and Argentine soybeans, and that American soybeans are rejected from the Chinese market, if the Trump administration can’t resolve, the losses caused are amazing.
According to data released by the General Administration of Customs of China, in 2024 China imported a total of about 1.05 billion tons of soybeans, of which 22.13 million tons were imported from the United States, down by 5.7% compared to the same year. 74.65 million tons were imported from Brazil, up by 6.7% compared to the same year.
Singapore's United Morning Post also that China, as the world's largest importer of soybeans, about 20% of soybeans imports in 2024 will come from the United States, a total of more than $ 12 billion, which accounts for more than half of U.S. soybeans exports.
Autumn harvest is the most important sales season for U.S. soybeans, but data from the U.S. Department of Agriculture as of September 18th shows that China has not placed an order to buy U.S. soybeans this autumn, which is the first time since statistics were collected in 1999. As early as early August, American agricultural experts pointed out that China has not purchased a shipment of new-season soybeans in the United States so far, resulting in difficult sales of new crops. This is China's latest start in the U.S. soybean market since 2005.
For Trump, the state that produces soybeans is Trump’s box office, and can’t solve the problem of soybeans sales, and this portion of the ballots is definitely to be lost.On September 18, LeBou Lagrand, president of the American Association of Soybeans, representing 500,000 farmers across the United States, sat on a live broadcast on the tractor and shouted to Trump: “We urgently need strong markets and opportunities, and the Chinese market is vital to our livelihoods.”
Leib Lagrange pointed out that soybean growers, including himself, had no income other than farms. The generation of Lagrange's family was engaged in agricultural production, and in the 1980s, because of market changes, his family's area shifted from dairy and tobacco cultivation to soybean cultivation.
Leib Raglan previously stated that due to Trump's escalating trade war with China, this is an extremely heavy blow to American soybean producers."For many American soybean growers, this seems to be a reappearance of the nightmare of 2018. That was President Trump's first term, and the tariff measures he adopted cost U.S. agriculture $26 billion, and the soybean industry alone lost nearly $20 billion."
Leib Lagrange also mentioned that due to the tariff policy of the Trump administration, U.S. soybeans are also at a disadvantage compared to South American countries such as Brazil, which is up by 20%. Leib Lagrange meant very clearly, saying: “This trade war is now worrying us, we urgently need to solve the problem with China as soon as possible, because this is our largest customer exports.
This is to openly put pressure on the Trump administration to resolve the issue of soybean exports to the United States as soon as possible, otherwise the soybeans will rot in the ground. Faced with such pressure, Trump knows that if the soybean problem is not resolved, the results may be unimaginable. The latest poll shows that only 29% of Americans are satisfied with the country's current development, the lowest level since Trump returned to the White House in January this year.
Reuters reported on September 23 that Trump's approval rating is 41%, down one percentage point from the beginning of this month, which is also the lowest since Trump took office for the second time. In short, the US soybean problem was caused by the Trump administration and has nothing to do with China. Now the question arises, will China buy American soybeans again? This question should be answered soon.