Trump trade rep changes China soybean purchase timeline, cites 'discrepancy'
Source: CNBC
Published Tue, Dec 9 20255:50 PM EST Updated Tue, Dec 9 2025 8:17 PM EST
U.S. Trade Representative Jamieson Greer told a Senate Appropriations subcommittee on Tuesday that the deadline for China to buy 12 million metric tons of soybeans from American farmers was not the end of December as the White House has said, but the end of the growing season.
Greers comment at the hearing came on the heels of a report by NBC News showing that the pace of Chinas purchase of soybeans in recent weeks was well short of reaching the agreed amount by the end of the calendar year.
China, which in October agreed to end its monthslong boycott of American soybeans amid a trade war, to date has bought only about 3 million metric tons, the trade representative told members of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies subcommittee.
Greer said there was a discrepancy in what the White House has described as the deadline and the actual deadline for the purchases to be completed. The most recent growing season for soybeans ended in November, according to the U.S. Department of Agriculture.
Read more: https://www.cnbc.com/2025/12/09/trump-trade-rep-changes-china-soybean-purchase-timeline-cites-discrepancy.html
Bait and switch.
Irish_Dem
(78,765 posts)twodogsbarking
(17,274 posts)Irish_Dem
(78,765 posts)HuskiesHowls
(738 posts)But don't dare call it "socialism", because that's B A D ! ! ! !