"So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,"
"Those soybeans were always going to be on the market. It's a global market. The three leading suppliers are Brazil, Argentina and the U.S."
"And I believe that we have brought the market back into equilibrium, and I believe that the Chinese will be making subst"
An additional 100% U.S. tariff threat is effectively off the table, and immediate Chinese rare-earth export controls are no longer planned under the negotiated framework. Trump and Xi Jinping are scheduled to meet in South Korea to finalize deal details. The 100% tariff threat provided leverage during talks in Malaysia with Vice Premier He Lifeng. Talks covered American agricultural exports and cooperation to curb fentanyl trafficking. China has paused purchases of U.S. soybeans this harvest season, while recent Argentine soybean purchases were planned and timed to exploit a drop in export duties. Officials expect the market to return to equilibrium and anticipate Chinese purchases.
Read at Fortune
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