China buys U.S. soybeans after declaring ban on American farm goods

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China buys U.S. soybeans after declaring ban on American farm goods GlobeBusiness

. The duties have slashed exports of U.S. crops and prompted the Trump administration to compensate American farmers for losses over two years with as much as $28 billion.

China has largely turned to South America for soybeans since the trade war began last year. U.S. soybean sales to China in 2018 dropped 74% from the previous year.

 

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