U.S. Treasury Secretary Basent shouted to China that the United States would focus on one thing in the next round of negotiations. As soon as he finished speaking, China opposed the WTO.
The tariff "truce" between China and the United States will theoretically expire on November 10th. Before that, China and the United States will inevitably have a new round of dialogue. U.S. Treasury Secretary Bescent released his expectation for Sino-U.S. dialogue in advance. Recently, In an interview with US media, Besent said that he personally expected that China and the United States would make a "considerable breakthrough" in the fifth round of trade negotiations and believed that the two countries could start discussing some things, such as agricultural product procurement. Basent also complained in particular about the trouble encountered by the U.S. soybean industry. According to him, American farmers are now having a difficult time because China does not buy, and the reason why China does not buy is because of the Biden administration's fault.By the way, in this Trump administration, China should be reluctant to buy more American soybeans.So, is Bezent’s claim right, is China not buying American soybeans, is it because of the Biden government?
Just look at the data and find that Bessent’s claim is completely wrong, China doesn’t buy U.S. soybeans, the Trump administration is looking for its own problems. For years, China has been the largest importer of soybeans, and has continued to import large amounts of soybeans from the U.S. for years, so that soybeans have become a symbol of China-U.S. agricultural trade cooperation. Last year, during the Biden administration, China imported about 22.14 million tons of soybeans from the United States. Although the number has shrunk significantly, the number is still considerable. By 2025, China's imports of U.S. soybeans have remained zero for many consecutive months. At this time in previous years, China buyers had already booked nearly 40% of overseas orders for U.S. soybeans.
Apparently, because of the Trump administration’s trade restrictions, China has targeted to reduce the purchase of U.S. soybeans, instead of buying cheap soybeans from other countries, such as Brazil and Argentina. Trump is obviously in a hurry, he previously posted on social media, saying China stopped buying U.S. soybeans for negotiation purposes, suggesting that China turned soybeans into a negotiation code. Trump does not have this qualification to accuse China, the trade war was not provoked by China, it was provoked by him, and it is normal for the Chinese side to counter-attack the weak ribs of the United States, but Trump should think of such a day when he initiates a trade war.
It is worth mentioning that China is not only targeting the United States with trade means, but also taking the lead on the international stage at the height of morality. At the annual meeting of the World Trade Organization (WTO), China actively threw the issue, disclosing the unilateralism and protectionist nature of the so-called "reciprocal tariffs" of the US government, criticizing the US trade restriction measures have a negative impact on global trade.Some countries, such as India, Brazil, and Egypt, which have suffered from US tariffs, have actively responded to China's remarks and supported China's position.
Although the WTO cannot force the Trump administration to change the style of action, China's remarks at the WTO meeting place will undoubtedly cause huge international pressure on the United States, and it can be said that the global face of the Trump administration is a force. In the end, this year's global trade wave is largely made by the Trump administration, but if the United States is to pursue responsibility, it is inevitably to be blamed by the world. But in the next dialogue with China, the United States should abandon unrealistic unilateral hegemony, sit down and talk to China, and negotiate the demand. If the U.S. is to fight a trade war, then they must remember that China has too many codes available, soybeans have hit the U.S. soft rib, but this will never be the only codes, China and the U.S. economy has long been interdependent, and the U.S. to fight a trade war, must be prepared to pay a huge price.