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The U.S. Department of Agriculture shows no outstanding sales of
soybeans to China for the week ending Sept. 18. Last year at the
same time, China bought more than 6,500,000 metric tons.
Illinois is the largest producer of soybeans in the U.S.
Friday, Illinois Gov. J.B. Pritzker explained what the impact of
China not buying soybeans means, if it persists.
“We’re talking about I believe more than $12 billion of sales
from Illinois soybean farmers that normally would be sold to
China if there were regular trade going on, it’s not something
special,” Pritzker told reporters.
Meeting with Australia’s prime minister Monday, President Donald
Trump said he wants to get China to buy more soybeans from the
U.S.
“They stopped buying our soybeans because they thought that was
punishment, and it is punishment to our farmers, but we’re not
going to let that happen,” Trump said.
Trump said his tariffs on China are sending a message.
“It’s probably nicer. Saying you’re going to pay 158-157% tariff
is a nicer way of saying that ‘we don’t want to do business with
you,’” Trump said. “And if they don’t do business with us, I
think China is in big trouble.”
Pritzker said if a deal isn’t struck, the impact could be $12
billion in lost sales to Illinois’ agriculture economy.
“That’s just what it would be this year if not for the tariffs
and the war, the tariff war that has ensued from this
administration so there isn’t a solution to this,” Pritzker
said.
Trump said he’s aiming to get China to buy soybeans as they used
to and will be meeting with Chinese leadership in the weeks
ahead.
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