The recent easing of Chinese-American trade tensions was good news this week for many of the thousands of attendees at Shanghai’s biggest import fair, but few were more pleased than the representatives of the US Soybean Export Council.
“I think the 500,000 soyabean farmers [in the US] have breathed a huge sigh of relief,” said council chief executive Jim Sutter of the one-year trade truce agreed last week by President Donald Trump and Chinese leader Xi Jinping.
“It really is good timing,” said Sutter, of the subsequent trade fair. Just weeks earlier, US soyabean shipments to mainland China had ground to a halt just as farmers were getting the harvest under way, amid high tariffs.
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