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Trump Panics as China’s Soybean Freeze Hits US Farmers Hard

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Trump Panics as China’s Soybean Freeze Hits US Farmers Hard
Blog

Blog

Trump Panics as China’s Soybean Freeze Hits US Farmers Hard

2025-10-02 21:30 Last Updated At:21:30

Trump has now found himself in an uncomfortable spot: American farmers are howling over China’s refusal to buy US soybeans, a crisis that is hitting the Republican heartland the hardest.

On October 1, local time, Trump announced he was preparing for a “major topic of discussion” with President Xi Jinping at the upcoming Asia-Pacific Economic Cooperation (APEC) summit to demand that China restart its soybean purchases.

Trump vows a soybean showdown with Xi at APEC. (AP Photo)

Trump vows a soybean showdown with Xi at APEC. (AP Photo)

Trump’s Social Media Bluster

True to form, Trump took to his own social media platform, Truth Social, to blame China for the farmers’ woes, claiming Beijing was using “negotiations” as an excuse not to buy. He declared his administration would direct part of US tariff revenues into subsidies for farmers while accusing former president Joe Biden of failing to enforce an earlier multibillion-dollar trade agreement with Beijing that promised more farm exports. Trump ended his rant with the slogan: “MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!!”

The high-stakes APEC meeting will be held in Gyeongju, South Korea, from October 31 to November 1. Back on September 22, China’s Ministry of Foreign Affairs emphasized that Heads-of-state diplomacy plays an irreplaceable role in providing strategic guidance for the China-US relations. The presidents of China and the US maintain close exchanges and communication” and "The two sides are in communication”. However, “I have no information to share at the moment,” said the MFA spokesperson.

Trump’s fiery post sent ripples through the market. According to Bloomberg, US soybean futures spiked 1.9% before slipping back, their sharpest daily swing since late August.

The report also noted that only a day earlier, Republican senators vented their frustration during a meeting with US Ambassador to China David Perdue, warning that Beijing was unlikely to resume soybean purchases soon and blasting the lack of a long-term US strategy.

The problem for Trump is obvious: farming states, for long a Republican stronghold, are being hammered by the collapse of the export market. With federal subsidies shrinking, America’s rural communities are under immense strain—turning into a political headache for Trump’s party ahead of next year’s midterm elections. GOP lawmakers from the agricultural heartland are now pressing harder than ever for Trump to cut a deal with Beijing.

China Holds the Cards

As the world’s largest soybean buyer, China wields enormous influence. US Department of Agriculture data shows that by mid-September, weeks into the new sales year, China had not booked a single cargo of American soybeans—the first time this has ever happened since records began in 1999. Last year, China bought over $12 billion worth of US soybeans, accounting for more than half of America’s soybean exports.

But Trump’s go-it-alone tariff war has backfired badly on his own farmers. Traders note that suspending tariff hikes won’t help much when China still imposes a 23% duty on American soybeans. By comparison, Argentina and Brazil enjoy tariffs of only 3%. Argentina has even scrapped its grain export taxes temporarily, making its soybeans cheaper still.

China’s tariffs make US soybeans uncompetitive against Brazil and Argentina. (AP Photo)

China’s tariffs make US soybeans uncompetitive against Brazil and Argentina. (AP Photo)

Farmers Feeling the Pain

The White House has started to realize the political cost. On September 25, Trump promised reporters in the Oval Office that tariff revenues would be redirected to farmers, insisting they are “for a little while going to be hurt, until it kicks in, the tariffs kick in to their benefit,” and “Ultimately, the farmers are going to be making a fortune.”

Yet for America’s farmers, the promise of eventual benefits remains abstract, while their mounting losses are very real. Axios reported that farmers now face between $100 and $150 in losses per acre.

To add to Trump’s troubles, Bloomberg pointed out that his “tariff cash for farmers” scheme could collapse in court. His tariffs, imposed under emergency powers, were already ruled unlawful by a lower court. If the Supreme Court upholds that ruling, the federal government may be forced to refund tens of billions of dollars in collected tariffs—a devastating blow to Trump’s trade war narrative.




Deep Throat

** The blog article is the sole responsibility of the author and does not represent the position of our company. **

Last Friday, Trump flat-out torpedoed a much-anticipated zero-emissions deal for the global shipping industry, smashing it apart at the United Nations' International Maritime Organization (IMO). The Financial Times lays it all bare: to kill the net-zero shipping pact, Trump didn’t just lean on the usual diplomatic muscle—Washington went full gangster. Think raised port fees, outright bans on ships passing through America, and direct threats, and even personal intimidation of diplomats and their families, with entry bans waved in their faces like warning flags.

The Financial Times lays it out: over a dozen diplomats, foreign officials, and industry insiders watched the US throw diplomacy in the mud at last month’s London summit. Washington came armed with bullying tactics, determined to smash the net-zero shipping pact by brute force.

US Bullying Blocks IMO’s Green Shipping Deal—Vote Delayed a Year. IMO website image.

US Bullying Blocks IMO’s Green Shipping Deal—Vote Delayed a Year. IMO website image.

US officials didn’t bother with backroom deals—they stalked the halls, cornering diplomats from Africa, the Pacific, and the Caribbean. The message was simple: cross the United States, and your ships might not reach America. Rock the boat, and your family could be locked out. These weren’t idle whispers. The intimidation played out in broad daylight during coffee breaks.

Social Media Taunts, Policy Upends

Trump didn’t bother hiding his true feelings. On social media, he slammed the agreement as a “global green shipping tax scam.” But this wasn’t just venting. In April, most countries had already green-lit the framework. It was set to become real policy—until Trump’s team blew it up, forcing a one-year “pause.” The global momentum froze on the spot.

One diplomat cut to the heart of it: “It’s like the streets of New York.” His country got the warning firsthand—keep backing the deal, and watch your sailors’ visas disappear. US port fees? Those would rise too. Another attendee was even more blunt: IMO bigwigs were left gobsmacked. “It’s like dealing with the mafia,” they said. “You don’t need details. You just know: cross us, and you’ll pay.”

The US State Department kept mum on the intimidation claims. Instead, American officials handed out praise to Greece and Cyprus. Those two broke rank from the rest of the EU—they cast abstention votes in the big one-year adjournment, even after they already gave the framework the green light back in April.

Secretary of State Marco Rubio, ahead of the IMO meeting in London, issued a joint statement with senior Trump officials warning that the administration was "evaluating sanctions on officials sponsoring activist-driven climate policies that would burden American consumers, among other measures under consideration." As Greece and Cyprus sided with the U.S., much of Europe—and the world—reacted with surprise.

Global Rules or American Muscle?

Chatham House’s head of global economy Creon Butler didn’t mince words. The US, he said, has ditched long-standing diplomatic etiquette. Instead, Washington's now muscling countries into backing its stance—especially on climate.

America Threatens: Support This, Your Crews and Ports Pay.

America Threatens: Support This, Your Crews and Ports Pay.

“In the very short term this might work, but in the medium term it increases the chances that non-US countries will conclude they cannot work with the US, making agreements independently among themselves which simply work around the US,” he said. Sooner or later, the rest of the world will ink deals that leave America in the dust.

The pushback reached fever pitch at the IMO. Brazil, among others, called out the methods “that should not ever be used among sovereign nations”. Washington wasn’t just rattling individuals—entire capitals, from Bangladesh to Japan and Indonesia, got notes threatening diplomatic smackdowns.

But let’s step back. The drive for a net-zero shipping pact isn’t about feel-good climate slogans.

As Niu Tanqin from Xinhua puts it: The pact itself is a brass-tacks response to global warming’s mounting cost. Whether you like it or not, global warming is simply an undisputable fact. Everyone is scrambling to stall off the climate catastrophes looming on the horizon.

So, in order to squeeze carbon emission: if your ship emits less than the set limit, you’re rewarded. Above the cut-off, you pay. China, the EU, Japan, India, Brazil—all were in. Even the big shipping companies joined the chorus.

Only a handful of oil states—think Saudi Arabia, Russia, the UAE—pushed back. Pacific island nations, unconvinced the pact was tough enough, simply abstained.

Trump Says Global Warming’s a Scam—US Walks Out.

Trump Says Global Warming’s a Scam—US Walks Out.

Then, everything changed. Once Trump 2.0 manifested, the US flipped from supporter to saboteur. In his mind, climate change is a hoax—or worse, a Chinese plot to corner American interests. Stopping this agreement wasn’t just policy—it was personal. He didn’t mind stooping low—pulling out every trick in the high school bully’s playbook: pressure, threats, and outright intimidation to make sure America got its way.

One official wasn’t shy: “It was completely exceptional. I have never heard of anything like this in the context of an IMO negotiation. These people [being threatened] are just bureaucrats, they are civil servants.”

If international law becomes a mere cheap disguise, you can bet real power will be the one pulling the strings.

Pause Button Pressed—World Left Reeling

Now, the deal waits on ice for another year, while “the world stares, shell-shocked”—witnesses to a new era of American brinkmanship.

Not the first time, either. Just look at tariffs: if Washington’s unhappy, it writes its own tax bill—no debate required. Venezuela and Nigeria have both fielded threats of military action; Canada and Panama know the taste of territorial intimidation. Lawless? That’s par for the course.

  

But payback, as always, has a funny way of coming due. Today, the US bullies island nations and slaps down climate claims. Tomorrow, who’s next? When “might makes right” replaces rules, every nation that depends on order will lose out. True justice may come late—but it never skips its date. Chip away at the pillars of fairness, and sooner or later, you bury the very house you live in.

The real question: how long can America’s strong-arm show go on before the world walks out?

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