It looks to me like China has a plan in place should Trump decide to raise tariffs:
"China’s imports of soybeans from the United States in January fell 14 percent from the same month a year ago, customs data showed, as Brazil grabbed a larger slice of the world’s biggest market for the oilseed with higher-protein beans.
According to customs data released on Saturday, China imported 5.82 million tonnes of soybeans from the United States in January, equal to 67 percent of all imports. Last year, U.S. beans accounted for 88.5 percent of the January total.
The drop underlines concerns about a slide in U.S. sales to the world’s top soybean buyer because of declining protein levels in U.S. soybeans, allowing Brazil to lure customers with its own higher-protein crop."
Interestingly enough Soybeans could be targeted for another reason: "Eight of the biggest exporting states voted for Trump in 2016. A ninth, Minnesota, voted for Hillary Clinton by a razor-thin margin."
"The great pleasure in life is doing what people say you cannot do."
"China’s imports of soybeans from the United States in January fell 14 percent from the same month a year ago, customs data showed, as Brazil grabbed a larger slice of the world’s biggest market for the oilseed with higher-protein beans.
According to customs data released on Saturday, China imported 5.82 million tonnes of soybeans from the United States in January, equal to 67 percent of all imports. Last year, U.S. beans accounted for 88.5 percent of the January total.
The drop underlines concerns about a slide in U.S. sales to the world’s top soybean buyer because of declining protein levels in U.S. soybeans, allowing Brazil to lure customers with its own higher-protein crop."
Interestingly enough Soybeans could be targeted for another reason: "Eight of the biggest exporting states voted for Trump in 2016. A ninth, Minnesota, voted for Hillary Clinton by a razor-thin margin."
"The great pleasure in life is doing what people say you cannot do."