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Fortune
Fortune
Mia Osmonbekov

UNBELIEVABLE: China has quietly got trump by the soybeans - Caught on Camera

Photo of Trump and Xi shaking hands (Credit: Kevin Dietsch–Getty Images)

After President Donald Trump rolled out the red carpet for his summit with China’s Xi Jinping last week, the U.S. and China agreed to move toward lower tariffs on $30 billion worth of goods in each direction. China’s side covers 1,619 U.S. products—stretching from beef and seafood to cosmetics and medical gear—but it leaves out a politically sensitive import: commodity soybeans.

While seed soybeans, soybean flour, and by-products from soybean processing made the cut for tariff relief, the raw soybeans American farmers sell in bulk to China—the ones at the heart of U.S-China farm tensions—did not.

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