Brazil has dramatically increased its soy exports to China, particularly benefitting from escalating trade hostilities between the U.S. and China. With American soy exports suffering since the onset of Trumpâs trade war in 2018, Brazil has emerged as a dominant player, now supplying over 70% of China's soy needs. Expecting a record harvest, Brazilian farmers foresee an extra $7 billion in earnings from tariffs imposed on U.S. products. The efficiency and capacity of Brazilian farmers position them well to meet rising Chinese demand.
The United States is provoking this fight, but it is Brazil that is going to end up benefiting.
Brazil has more than enough capacity to meet a rise in Chinese demand. The Brazilian farmer has already proven himself to be extremely efficient.
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