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China's Heavy Demand for Soybeans May be Weakness

Beijing’s retaliatory tariffs make American soy pricier

For all its economic might, China hasn’t been able to solve a crucial problem.

Soybeans. It just can’t grow enough of them.

The New York Times reports that could blunt the impact of one of the biggest weapons the country wields in a trade fight with the United States.

Soy-producing states like Iowa and Illinois might not feel the tariffs’ impact right away. China buys so much soy from the United States — $14 billion last year — that it can hardly switch to new suppliers overnight.

Read the full report here.

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