When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: Soybeans
Related Posts
WEEK IN REVIEW: China Criticizes Trump’s Nigeria Ultimatum
Tanzania reopened its border with Zambia, restoring a key transit route for China-bound copper exports. The border crossing, along with the port at Dar es Salaam, had been closed due to a surge of election violence, but officials now say they're clearing a backlog and copper shipments are ...
WEEK IN REVIEW: Seoul Summit Signals Reset in China–U.S. Ties
U.S. President Donald Trump left South Korea after the conclusion of his bilateral summit with his Chinese counterpart, Xi Jinping, earlier today. Trump reportedly said the meeting was “amazing” and that the two “agreed on almost everything.” In his opening statement, Xi said it is normal for the ...
As China Buys From South America, U.S. Farmers Reel From Soybean Slump Amid Escalating Trade War
By Beiyi Seow The U.S. soybean harvest is underway and in rural Maryland, farmer Travis Hutchison cracks open a pod to show how a field is nearly dry enough for reaping. But a decent yield ...
WEEK IN REVIEW: Vietnam Surpasses China in U.S. Apparel Market
Brazil exported 77 million tons of soybeans to China in the first eight months of the year, more than enough to offset the loss of the U.S. as a supplier, according to new data from the American Farm Bureau Federation. The group also noted U.S. exports of corn, wheat, and ...
How China is Displacing U.S. Economic Power in Latin America
For centuries, the United States was the undisputed hegemonic power across the Western Hemisphere; however, that is no longer the case today. China is now the largest trading partner for the majority of countries in Latin America and is quickly filling ...
Chinese Importers Buy Argentinian Soybeans Amid Global Trade Shift
Chinese agricultural traders booked at least ten orders of Argentinian soybeans following the Milei government announcement on Monday that it will suspend export taxes on key crops. The move comes as Argentina tries to boost its supply of dollars and ease pressure on the peso.
Argentina’s “Foreign Exchange Bet” Could Shake Up the Global Soybean Trade, Chinese Commentator Says
Argentina recently dropped an agriculture bombshell: a temporary, full tax exemption on exports of key grains and oilseeds, including soybeans, wheat, and corn, effective until October 31st. The policy has a built-in “stop-loss” mechanism: it will be terminated immediately if the exports generate $7 billion in ...
U.S. Soybean Farmers Anxiously Watch Brazil Sell More and More to China
Chinese soybean imports from Brazil rose by 2.4% in August compared to last year, according to customs data, a modest increase but one that nonetheless causes considerable consternation for U.S. farmers who have yet to sell a single bean to China this year.
China Further Shifts Agricultural Trade to South America in Tariff Standoff
Halting food and fuel imports from the United States will not negatively affect China's food and energy security, a senior Chinese official said on Monday. Zhao Chenxin, deputy head of the National Development and Reform Commission, said China has sufficiently diversified its imports that a freeze in U.S. ...
As Trade War Worsens, Chinese Ag Buyers Shift From U.S., Canada to Brazil
Beginning Monday, China will increase tariffs on U.S. chicken, wheat, corn, and cotton exports by 15%, with duties on a slate of other food products, including soybeans, pork, and beef, going up by an additional 10%. The Commerce Ministry in Beijing says these latest measures are in response to 20% ...
China’s Retaliation to U.S. Tariffs Could Boost Trade with Global South
U.S. tariffs on imports from China, Mexico, and Canada went into effect right after midnight on Tuesday. Citing a lack of action on restricting precursor chemicals used to make fentanyl, the U.S. added 10% on top of an already-imposed 10% tariff on Chinese imports, while those from ...
With FOCAC Now Over, Chinese FM Wang Yi Turns His Attention to China’s Forum With LatAm and the Caribbean
Within days of the conclusion of the Forum on China-Africa Cooperation in Dakar, Chinese Foreign Minister Wang Yi pivoted to focus on a similar ministerial forum with his counterparts from Latin America and the Caribbean. Wang last Friday chaired the third Ministers' Meeting of the Forum of ...