Trump was looking forward to the moon, finally looking forward to the Chinese order, and the Chinese side resumed the purchase of American soybeans, ordering 180,000 tons in one breath.
As we all know, influenced by Trump’s tariff policy, U.S. beef farms lost a lot of Chinese orders this year.
Throughout the fall harvest, China purchased almost no U.S. soybeans.
Urgent American soybean farmers have repeatedly shouted to Trump, He called on the federal government to deal with China’s relations “with kindness, speak well with China, and solve the problem as soon as possible.”
That was why there was the fifth round of Sino-US economic and trade consultations. After the Kuala Lumpur talks, the United States received good news.
Just on October 29, Reuters quoted sources as saying that China purchased three batches of U.S. soybeans this week, totaling about 180,000 tons. The soybeans are expected to be shipped to China in December this year and January next year.
Immediately afterwards, US President Trump also announced the latest progress of tariff easing. On a special plane from Japan to South Korea, he said that the United States may cut the 20% fentanyl tariff imposed on China.
In fact, this 20% tariff was originally added by Trump at the beginning of this year.
The United States is accustomed to blaming China for its own fentanyl problem for no reason, trying to cover up the reality of its ineffective handling of the problem. This is a common trick.
Now Trump has announced that he is considering lowering this portion of the tariffs, mainly on two grounds:
The first is to implement the results of the China-US Kuala Lumpur talksDuring the fifth round of talks, the two sides also discussed issues such as Fentanyl tariffs and anti-drug cooperation, and also reached a partial consensus.
The second is also to slide down the donkey, follow the steps delivered by the Chinese side, to cancel the last part of the tariffs, the reduction of the tariff, the cancellation of the tariff.To avoid further exacerbating its own inflationary pressure.
From this point of view, the current round of the "tariff war" is almost close to the end.
From the initial abolition of 91% of tariffs to the later suspension of 24% of counter-tariffs, the United States is now preparing to land the last 20% of fentanyl tariffs.
It shows that Trump has also realized that the tax increase doesn't work for China. Not only can it not hold the Chinese side, but it also makes it impossible to get off Taiwan, which is purely not worth the candle.
As long as the United States can correct its mistakes, whether actively or passively, it is still possible for China and the United States to continue to do business. After all, as the two most important economies in the world today, China has consistently emphasized the United States' "compatibility and benefit."
In the past few months, China's precise counter-measures against the United States, coupled with its refusal to purchase American soybeans, have already caused Trump to suffer. Now there is news of resuming purchases, which is also a test of the sincerity of the United States-
If the United States insists on going its own way, it will only suffer itself; If we cooperate pragmatically, we can achieve mutual benefit and win-win results!
For us, China's resumption of purchasing U.S. soybeans this time is essentially a rational choice for commercial interests.
After mid-September, the new season of soy harvest is close to the end, its FOB price due to inventory pressure is lower than the Brazilian soybeans, domestic oil plants for profit consideration to resume procurement, is entirely spontaneous commercial behavior.
More importantly, China has built a diversified supply system to ensure supply even without U.S. soybeans.
Supplementary supplies from Brazil, Argentina and Russia give us full initiative in the procurement stage.
This layout of “not putting eggs in a basket” is the best response to the repeated turmoil of US trade policy.
Finally, through this soybean game, we can actually see the changes in the global trade pattern.
The U.S. used to monopolize global soybeans trade with technology and capacity advantages, but the Trump administration’s tariff war broke that balance.
In ten years, China has completed the "de-Americanization" of import sources, from relying on a single supplier country to building diversified networks. It not only ensures its own food security, but also reshapes the rules of global agricultural trade.
And the price that the United States paid was not only the loss of confidence of the world’s largest buyers, but also the fact that millions of grain farmers suffered from the “tariff war.”