Trump's extreme pressure on China has once again failed, and his emotions have lost control, and he has issued new threats to China. China is ready for the worst.
As bean piles pile up in the vast farmland of the Midwestern United States, cargo ships in the South Pacific are heading east full of soybeansA change that has profoundly affected the global agricultural trade pattern has been silently completed.This is not a seasonal market volatility, but a strategic reconstruction of the global supply chain at a milestone during the game of great powers.
In the heart of the U.S. agricultural belt, the joy of a bumper harvest has been replaced by anxiety about slow sales. According to 2024 data from the U.S. Department of Agriculture, soybeans rank first in agricultural product exports with an export value of US$24.58 billion, of which more than half, The $126 billion market depends on China.This close trade link has formed the cornerstone of the prosperity of American agricultural exports in the past decades.
However, a sharp reversal in market data has revealed the magnitude of the problem. As of July this year, U.S. soybean exports to China dropped sharply to 5.9 million tons, showing a cliff-like decline compared with the same period last year.
Even more remarkable, since May, purchasing orders from China have been completely reduced to zero. If this situation continues until November, the United States will face a loss of 14 million to 16 million tons of soybean orders.
Furthermore, shipping data shows that From January to September this year, the berthing frequency of U.S. grain carriers at China ports plunged 56% year-on-year.In contrast, the South American food ships maintain more than 40 ships per month to the port.
This shift is systematic and strategic by establishing a closer network of agricultural trade with South America. China is building a more resilient supply chain system that is more resilient to single market risks.
At this crucial moment, Trump not only failed to take a pragmatic approach to solve the problem, but instead once again launched a trade blackmail against China on social media. He declared that China's "deliberate refusal to buy" American soybeans was an "economic hostile act" and threatened to terminate trade with China in edible oil and other fields.
This just exposes his misjudgment of the existing trade interdependence.
In fact, the U.S. biofuel industry relies heavily on used edible oil (UCO) imported from China.In 2023, its import volume has exceeded 1.36 million tons, and in 2024 it will reach a record high of approximately 1.27 million tons, accounting for 43% of China's total UCO exports.
These raw materials support large-scale bio-diesel production capacity in the United States. Any sudden supply chain disruption would have a direct impact on the U.S. renewable energy industry.
In response to the current situation, Liu Pengyu, spokesman of the China Embassy in the United States, made a clear statement: "The US cannot ask for dialogue while wielding the sanctions stick. This contradictory attitude does not help solve the problem and must be corrected."At the same time he emphasized, China is fully prepared for a trade war with the United States.
This statement reflects China’s consistent position: Talk, talk and the door is open.
This tough and firm stance is by no means a temporary move, but based on a full understanding of one's own strength and confidence. In the past trade frictions, China has shown indomitable will and flexible and effective response strategies, and successfully resolved many challenges.
If the Trump administration is determined to provoke a trade war, China has a wealth of means and sufficient policy space to safeguard its own interests, and in the process of counteraction, China will accurately tackle the pain points of relevant U.S. industries, leaving those U.S. forces who seek to profit from the trade war to pay a heavy price.
At the same time, China has made it clear that the door to negotiations is always open, but this does not mean that it will compromise on principle issues.
Trump’s trade blackmail not only doesn’t solve the problem. Instead, it puts industrial practitioners such as U.S. beef farming in trouble.
Trade is not a zero-sum game, and supply chain adjustments often bring irreversible consequences.
When American soybean farmers watched helplessly as South American soybeans seized the China market where they had been operating for decades, I don’t know if they will still believe those trade bullying lies.
Chinese people often say that "harmony makes money", but its premise is mutual respect.Speaking on the threat side, this long-defeated hegemonic thinking is destined to strike the bloodshed in the face of the trade reality of the new era.
Historical experience has shown that once the global supply chain has begun to restructure, new path dependencies will form, and the process is often irreversible.Soya producers in South America are actively expanding production capacity to meet new market demands. China is also continuing to optimize the global agricultural product procurement layout.
In this adjustment of the trade pattern that has a profound impact, a clear conclusion is emerging: A trade relationship based on mutual respect and equality and mutual benefit is a win-win path that can withstand the test of time.Any attempt to change economic laws through unilateral pressure will not only make it difficult to achieve its policy objectives, but will accelerate the weakening of its position in the global trading system.