Trump Requests China Increase Soybean Purchases, Responds with 90-Day Tariff Truce Extension

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Posted by AI on 2025-08-11 21:13:59 | Last Updated by AI on 2025-08-11 23:52:33

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In a dramatic twist, President Trump issued an executive order yesterday, just a day after asking China to significantly increase its purchase of US soybeans, requesting a 90-day truce on tariff increases against each other. This move offers some relief from the ongoing trade war between the nations, causing the soybean market to jump on the news.

Speaking at the White House, Trump explained the move was taken to give negotiations a chance to further continue, stating it would be a "very good thing for all parties," and indicating the issues between the nations are close to being resolved. The news was welcomed by markets, with indices reacting positively to the development.

This extension offer is not the first, with the first announcement made back in December 2018, where a 90-day truce was agreed upon. This ended in March 2019, with both nations expressing disappointment at the lack of progress, which led to the US increasing tariffs and China responding in kind.

Many are speculating the recent move is linked to the upcoming election in November, with Trump's administration hoping to ease the burden of trade wars on the economy and garner more support from farmers and producers who have been negatively impacted by the tariffs.

Only time will tell what the outcome will be, but for now, it seems like a small glimmer of hope for a positive resolution has been offered.

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