China will resume purchasing soybeans from the U.S. after the Asian nation had been boycotting doing so for months.
Ahead of President Donald Trump’s meeting with Chinese President Xi Jinping in South Korea on Thursday, the Trump administration announced that China had bought three U.S. soybean cargoes, according to Reuters. China’s refusal to buy soybeans has left U.S. farmers ailing since the summer. China last purchased soybeans in May, costing farmers billions in lost revenue.
After his meeting with Xi, Trump mentioned that China would resume buying U.S. soybeans. He emphasized that the Asian superpower would buy “large, tremendous amounts of soybeans and other farm products” while speaking to the media aboard Air Force One on his return to the U.S.
During the country’s boycott, China
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