Trade Tensions with China Threaten U.S. Soybean Market

American Soybean Association Chairman Josh Gackle expressed concerns over China’s new retaliatory tariffs, drawing parallels to the trade tensions of 2018-2019. He warned that these tariffs could significantly impact U.S. soybean growers, especially as other countries, like Brazil, step in to fill the gap. “When you start to lose this market access in markets that we’ve been working in for decades, you can lose that quickly, and it takes quite a bit of time to get it back.” Gackle also emphasized the lasting effects of lost market access, pointing to the challenges the U.S. faced following the Phase One trade deal with China. He urged the need for a solution, stressing the importance for farmers and rural America. “This is important for farmers and for rural America to work through it and try and find a solution.”