A possible hiccup in trade relations between the U.S. and China occurred recently after President Trump threatened to punish China for its relations with Hong Kong. China then responded by temporarily suspending commodity purchases from the U.S. Shortly after that they started buying U.S. soybeans again. American Soybean Association Board member and Iowa grower Brian Kemp says they believe China will follow through with their phase one trade commitments.
ASA Vice President Kevin Scott who farms near Valley Springs, South Dakota says despite that recent snag, China will keep buying from the U.S. because they have to have the product.
Kemp says trade relations are tricky with China because of their culture and how they view things.
Prior to the latest developments China had been purchasing U.S. ag products as they reopen following the coronavirus pandemic, but at a slower pace to fulfill the phase one trade agreement.
