Ahead of Trump Iowa speech, US soybean farmers fear China trade blowback
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Ahead of a speech in Iowa, US soybean farmers are concerned about potential trade blowback from China due to escalating tensions between Washington and Beijing. Farmers like Randall Shelby fear that President Trump's foreign policy actions, while intended to benefit the US, could provoke retaliatory measures from China, a major soybean importer. This could further erode the US share of the Chinese market, benefiting South American producers. Shelby, a Trump supporter, worries that these geopolitical maneuvers may not yield positive results for farmers and could negatively impact their livelihoods. The concerns arise as Trump aims to reassure farmers in Iowa, a key soybean-producing state, before the upcoming midterm elections.
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