Sizable investments have been made in its soybean processing infrastructure, which may be threatened if exporters were to increasingly vie for supply. The US soyabean industry was able to breathe a sigh of relief after hearing China's retaliatory response to US President Trump's $60bn tariff on Chinese goods. But the Trump administration has been left with no option but to impose tariffs on another $110bn, or nearly half, of its imports from China. China is the world's largest importer of soyabeans and over half of all agriculture-related exports to the country are for the grain.
The US soyabean industry was able to breathe a sigh of relief after hearing China's retaliatory response to US President Trump's $60bn tariff on Chinese goods. But the Trump administration has been left with no option but to impose tariffs on another $110bn, or nearly half, of its imports from China. China is the world's largest importer of soyabeans and over half of all agriculture-related exports to the country are for the grain.