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As of mid-October 2025, US soybean farmers are struggling due to China halting purchases amid ongoing trade tensions and tariffs. China, the largest buyer, has not bought US soybeans this season, diverting demand to Brazil and Argentina. President Trump plans to discuss soybean trade with Xi Jinping at the upcoming APEC summit, while US farmers seek new markets and await potential government aid.
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Brazilian farmers are increasing soybean planting due to the US-China trade dispute, which has cut US exports to China. Brazil now supplies over 70% of China's soybean imports, while US shipments decline. Argentina's export policies also influence global prices, impacting US farmers' strategies today.
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President Trump and Chinese leader Xi Jinping are set to meet in South Korea amid ongoing trade tensions, tariffs, and export restrictions. Both sides signal a tentative easing, with hopes for a short-term détente that could influence global markets and regional diplomacy. The meeting follows recent signals of cooperation and mutual interest.
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The US Senate voted 51-47 to nullify tariffs imposed by President Trump, with some Republicans joining Democrats. The move follows Trump's recent trade deal with China and highlights bipartisan opposition to executive-led tariffs, though House resistance remains strong. The vote signals growing congressional pushback on trade policies.
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The US and China have agreed on a one-year trade truce during a summit in South Korea, involving tariffs, agricultural purchases, and critical mineral exports. The deal aims to de-escalate tensions, though key issues like technology and AI remain unaddressed. The agreement is seen as a cautious step forward amid ongoing disputes.