- Trump asks China to buy more U.S. soybeans
- China-US tariff truce deadline looms
- Analysts say quadrupling soybean orders is ‘highly unlikely’
Aug 10 (Reuters) - U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal.
In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the U.S.
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The last time around, China found other countries happy to produce and sell to China, and most of those buyers never fully returned to bugging exclusively from the US. It’s going to be worse this time around.
With meat prices surging, I bet at least some of it goes to vegetarian food here in the US.
When you lose a customer due to broken trust, they ain’t coming back.
Trump begs
I see the tactic now. Implement tariffs, cause panic buying to boost the economy and your insider traded stock picks, then back off the tariffs so your own businesses don’t crumple, rinse and repeat.
He did it. He broke the biggest toy of all. Now he’s flailing. Scrambling. Begging, even.
Sounds like market manipulation. Who bought soybean futures before the announcement?
Cue the village people 🎵 Taco taco man 🎵
