Trump-Xi Meeting to Address Soybean Crisis Amid Ongoing US-China Trade Tensions

Oct 02, 2025 09:47 am CST

President Trump plans to meet with Chinese President Xi Jinping in four weeks, focusing on reviving US soybean exports to China. American farmers have faced significant losses as China's 20% retaliatory tariffs have eliminated sales in the current crop year, allowing Brazil and Argentina to capture market share. The American Soybean Association warns that farmers are being shut out of their largest export market ahead of the 2025 harvest, continuing a pattern that previously caused $27 billion in agricultural export losses during Trump's first term.