For today's China and the United States, whether this year's soybean orders can be negotiated will largely determine the fate of many farmers in the United States, because historically, China has always been a huge buyer of American soybeans, and the proportion of soybeans imported from the United States is extremely high, most of which are used as feed for livestock and raw materials for secondary processing.
But now farmers in the United States are surprised to find that all Chinese buyers have disappeared, causing a new round of panic in the United States.
However, something more embarrassing happened. After the United States announced the rescue of its South American ally Argentina, Argentina's President Milley, but struck the "good brother" of the United States, further complicated the situation facing the United States.
Argentina stabbed the United States in the back?
According to multiple media reports, the United States attended the United Nations General Assembly last week, and Bescent, as the U.S. Treasury Secretary, received a unique text message, which was very surprising.
According to the Argentine National newspaper, the content of the text message read, The United States just announced the bailout of Argentina yesterday. As a result, Argentina suddenly cancelled tariffs and sold more Argentine soybeans to China. However, this should have been the time window for the United States to sell soybeans, which would give China more bargaining chips to negotiate with the United States.
The report further pointed out that Argentina's export tariff on soybeans has been reduced to 0%. During the entire cycle, The total number of registered soybean exports has reached about 40 ships, a total of 26.6 million tons, and exports account for up to 50% or more.。
Among them, the vast majority of Argentine soybeans are sent to China, further squeezing out the export space of American soybeans. At the United Nations General Assembly, the United States has just announced that it will provide large-scale economic assistance of up to $20 billion to Argentina. In order to get Argentina to suspend its currency swap agreement with China and determine its "alliance" with the United States.
Today, it seems that the style of Argentina’s President Milley is actually the same as President Trump. In these diplomatic and political affairs, they don't care about the feelings of their allies at all. Instead, they only care about the interests of their own country, and they don't give the United States face like this. It's really unbelievable.
What else can America do next?
According to relevant statistics, after Argentina's massive sale of soybeans to China, the U.S. indigenous soybeans face a serious backdrop situation. Further, the price of soybeans in the United States showed signs of plummeting, and the price per Pu'er reached 10.2 US dollars, facing a serious price crisis.
In fact, from this we can also see that U.S. soybean traders have a huge dependence on exports to China. However, given the delicate political relationship between China and the United States, it is obviously unrealistic to ask China to close its eyes and buy American soybeans as in the past.
Whether this deal can succeed depends largely on what conditions the United States can offer to China in Sino-US trade negotiations. If the United States sets so-called minimum prices for agricultural products or sets high export tariffs, then the United States may really not be able to sell soybeans in the future. Trump keeps saying that he wants to balance Sino-US trade and exports, but when American products are not competitive, the market will determine other import directions. However, using military means to block China's imports and exports is obviously unrealistic.