Trade Agreement with China - The previous administration negotiated a trade deal with China where they would purchase $50 billion worth of US farm products, manufacturing goods, and other items [2][3][5] - The agreement initially involved China purchasing $15 billion worth of goods, which was later increased to $50 billion [3] - Allegedly, after a change in US administration, China did not adhere to the $50 billion agreement [3][4] Soybean Market and Farmer Support - The administration is considering plans to assist soybean farmers, potentially through direct checks or tax measures [1] - The administration anticipates increased opportunities in the soybean market [2] - Farmers were encouraged to invest in larger tractors and more land [5]
Trump says he wants to discuss soybean sales with Chinese President Xi Jinping
NBC Newsยท2025-10-09 18:21