China Secures Brazilian Soy As Trade War Restart Appears Imminent | WHAT REALLY HAPPENED

China Secures Brazilian Soy As Trade War Restart Appears Imminent

With a new round of trade war increasingly likely between the US and China, Beijing has been buying Brazilian soybeans in a sign the Asian nation may be looking to secure an alternative source of supplies. According to Bloomberg, the world’s top soybean importer purchased more than 10 cargoes in Brazil this week, despite higher prices. In a further sign that China appears to be distancing from the US, Bloomberg adds that while China bid for American soy on Tuesday, state-run buyers were absent from the market Wednesday, the people said.

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