US Soybean Farmers Need New Export Markets to Replace China, Lawmaker Says
House Select Committee on China ranking member Raja Krishnamoorthi, D-Ill., urged the Trump administration Oct. 8 to open new markets for U.S. soybean exports in Southeast Asia, South Asia, Africa and the Middle East.
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In a letter to U.S. Trade Representative Jamieson Greer and Agriculture Secretary Brooke Rollins, Krishnamoorthi said U.S. soybean farmers need new foreign customers because their largest export market, China, has cut them off with higher tariffs to retaliate against increased U.S. tariffs. He said his state has been hit particularly hard, with its soybean exports to China falling from $1.4 billion last year to zero this year.
USTR and USDA didn't immediately respond to requests for comment. But President Donald Trump has said he will push China to buy more American soybeans when he meets with Chinese President Xi Jinping in a few weeks (see 2510010050).