Trump Boasts $40B Soybean Surge to China, Farm Income Up 20%

Speaking at a White House event attended by farmers, Trump said American agricultural exports had strengthened under new trade arrangements, with China emerging as a key buyer.​

"Thanks to our trade deals, you're now sending over $40 billion in American soybeans to China," he said, adding that shipments were taking place "in record amounts."​

Trump described the increase as the result of direct engagement with Chinese leadership. "I said, could you make it 40 instead of 20? And he overrode all of his people," Trump said, referring to Chinese President Xi Jinping.​

Beyond China, Trump said U.S. agricultural products were gaining wider access across multiple regions. "We expanded markets for American beef dairy products, biofuels across Asia, Europe, South America as we've never had before," he said.​

He framed the developments as part of a broader shift in trade policy benefiting American farmers. "The farmers come to my office a lot and they never - they just say, please just give us a level playing field," Trump said, adding that his administration had delivered "much better than a level playing field."​

The President also pointed to domestic economic indicators to support his claims. "In my first year back in the White House, farm income has soared by 20 per cent," he said, attributing the rise to trade gains and policy changes.​

Trump contrasted his approach with that of the previous administration, saying, "Not one trade deal was negotiated on your behalf during the Biden administration." He added that farmers had been "treated really badly" during that period.​

The remarks came as Trump reiterated support for additional farm relief and urged Congress to pass a new farm bill. He said his administration had already provided "$12 billion in farm relief" to offset losses from unfair trade practices.​

Farmers attending the event echoed support for trade and policy initiatives. Joel Viereck, a vegetable farmer from New Jersey, said, "We appreciate the bridge payments, your policy on trade, everything. It's going to help strengthen what we do."​

Trump also linked trade policy with domestic cost reductions, saying increased exports and production were helping lower food prices. "The cost of cheese, butter, potatoes and fruit... is lower today than when I took office," he said.​

The United States and China remain among the world's largest agricultural trading partners, with soybeans a central component of bilateral trade. ​

Shifts in U.S. export volumes can influence global prices and supply chains, with implications for major producers including India.

- IANS