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Trump announces China will resume purchases of ‘large, tremendous amounts of soybeans’
China will resume purchasing soybeans from the U.S. after the Asian nation had been boycotting doing so for months.
Ahead of President Donald Trump’s meeting with Chinese President Xi Jinping in South Korea on Thursday, the Trump administration announced that China had bought three U.S. soybean cargoes, according to Reuters. China’s refusal to buy soybeans has left U.S. farmers ailing since the summer. China last purchased soybeans in May, costing farmers billions in lost revenue.
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