Farmers across the United States are sounding the alarm over a decision by China to stop purchasing American soybeans, Bloomberg reported last week. China last month threatened a 25% tariff on U.S. soybeans in response to the Trump administration’s proposed tariffs on $50 billion worth of Chinese imports.
USDA data shows that China canceled a net 62,690 metric tons of soybean purchases from the U.S. in the first few weeks of April. According to Missouri Farm Bureau President Blake Hurst, China accounts for a fourth of the market for Missouri soybean farmers.
Missouri farmers have voiced serious concerns about retaliation by international trading partners in response to President Trump’s steel and aluminum tariffs. Hurst said thanks to the tariffs, “a lot of Missouri products are getting hammered.”
Missouri Senators Roy Blunt and Claire McCaskill have repeatedly expressed concern over the impact of the President’s tariffs on Missouri farmers and ranchers. But U.S. Senate candidate and Missouri Attorney General Josh Hawley has said he supports the President’s policy.