On the recordOctober 21, 2025
Because of Trump's tariffs, the Chinese market for soybeans has been decimated. Trump tariffs have completely ruined that market. And as I think you said, Senator Merkley, these export markets for American agricultural products--it is not like an on-off switch; it is not like a pipe that you just open or close. These relationships in these export markets are incredibly important. So what is happening here is that American and Minnesota farmers are looking at this and they are seeing: OK, Trump tariffs have made U.S. soybeans basically noncompetitive, and so China, our biggest export market, is turning to South America--in particular, turning to Argentina.
Source
govinfo.gov




