Chinese Ambassador Xu Feihong said that the US had long benefited from free trade but was now using tariffs as bargaining chips. He stated that the US had imposed tariffs of up to 50% on India and that China firmly opposed it.

BEIJING/KUALA LUMPUR (Reuters) -Chinese President Xi Jinping is unlikely to attend a major summit of Asian leaders in October, two people familiar with the matter said, dashing expectations of a potential meeting with U.

China’s turn to Brazilian soybeans could cost U.S. farmers billions. Export sales of this fall’s U.S. soybean crop are down 81% from the five-year average.

President Donald Trump extended a trade truce with China for another 90 days, at least delaying once again a dangerous showdown between the world’s two biggest economies.

U.S. soybean farmers are pressing Trump to secure a trade deal with China that includes substantial soybean purchase commitments, according to Reuters. The American Soybean Association urged Trump to finalize a trade deal with China that includes major soybean purchases as China shifts to Brazilian supplies amid trade tensions.

"US soybean farmers are very appreciative of all of the past experience and partnerships that we've developed with China, especially when it comes to soybean trade," Janna Fritz, chair of the US Soybean Export Council and a sixth-generation farmer from Michigan, told China Daily on Thursday.

BEIJING/KUALA LUMPUR - Chinese President Xi Jinping is unlikely to attend a major summit of Asian leaders in October, two people familiar with the matter said, dashing expectations of a potential meeting with U.

The soybean industry is expecting record-breaking yields, but a continued trade war with China threatens profits for farmers in Kansas and across the country. Soybeans are a big