Brief by Shorts91 NewsDesk / 11:51am on 22 Aug 2025,Friday Business
Amid Donald Trump’s escalating trade war China has pivoted sharply from U.S. soybean imports to Brazil, straining American farmers. In July, China imported 420,873 tonnes from the U.S, (down to 11.47% year-on-year) while Brazil supplied nearly 90% of China’s total soybean imports. China has halted forward purchases from the U.S. for September and October, despite paying higher rates to Brazil. This shift follows Xi Jinping’s pledge to support Brazil’s “legitimate rights and interests” after a call with President Lula. U.S. farmers facing billions in losses have warned Trump they “cannot survive a prolonged trade dispute.” China currently imposes a 20% tariff on U.S. goods, intensifying BRICS efforts to reduce American dependence.(PC: NBC & AFP)
