Trade news > Why the China-US trade war truce could be a raw deal for Brazil’s soybean farmers

Why the China-US trade war truce could be a raw deal for Brazil’s soybean farmers

12/04/2018

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Keegan Elmer | South China Morning Post

The truce in the US-China trade war could push down prices for Brazil’s forecast bumper soybean harvest and ramp up market uncertainty if Washington and Beijing strike a deal on supplies, industry analysts said.

US President Donald Trump and his Chinese counterpart Xi Jinping agreed on the weekend to halt any further increases in tariffs for 90 days to try to hammer out trade differences between the two countries.

China also promised to buy more US agricultural products, sending down prices for soybeans from Brazil and other sources around the world.

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