U.S. Farmers Could Face a Potentially Huge Drop in Chinese Soy Imports Amid Trump’s Trade War

Chinese soybean importers, who buy around 60% of global production, could import up to 25% less this quarter thanks to a tariff war with the U.S., Reuters reports. It would be the biggest drop in 12 years.

China imported 24.1 million metric tons of soybeans in the fourth quarter of 2017, much of it to feed its record pig population. It will only import around 18 to 20 million metric tons this quarter, according to an anonymous trader quoted by Reuters, and those purchases will largely be...

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