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US President Donald Trump said over the weekend that he wants China to buy soybeans at least in the amount they were buying before. Trump added that he believes China will make a deal on soybeans. Key quotes Can confirm Senator Graham’s statement on Colombia tariffs.US is considering buying beef from Argentina.Will announce more on tariffs in Colombia on Monday.He did not discuss Ukraine ceding Donbas region to RussiaRegion should stay as it is now with Russia having some 78% of it.India will continue to pay massive tariffs if they dont restrict Russian oil purchases.Modi had told him ‘he’s not going to be doing the Russian oil thing.’I want China to buy soybeans at least in the amount they were buying before.Believes China will make a deal on soybeans.We can lower what China has to pay in tariffs, but China has to do things for us too. Do not want China to play rare earth game with us. Market reaction   At the time of writing, the AUD/USD is trading 0.09% higher on the day to trade at 1.1664.  US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living. An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China’s economic…

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Filed under: News - @ October 20, 2025 1:21 am