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2025-11-02 15:13:28
[US Soybean Farmers Breathe Relief as China and the US Reach Consensus on Expanding Agricultural Trade] On October 30, a spokesperson for the Ministry of Commerce introduced the main achievements of the China-US trade consultations in Kuala Lumpur. Among them, the news of the consensus reached between China and the US on expanding agricultural trade brought a huge sigh of relief to US soybean farmers. "I'm relieved, and I'm really grateful for the consensus," one farmer said. They are looking forward to the return of Chinese purchasing companies. Currently, China has not disclosed the specific measures for expanding agricultural trade between China and the US. The New York Times reported that it is unclear whether agricultural trade needs to be renegotiated, and it is also unknown whether China will resume large-scale imports of other US agricultural products. The Associated Press pointed out that in 2024, the total value of US soybean exports was approximately $24.5 billion, of which orders from China were worth more than $12.5 billion. (CCTV)
