Soybeans Emerge as Pivotal Element in US-China Trade Conflict
Beijing: As trade tensions between the US and China continue to escalate with new measures from both sides, soybeans have become a pivotal element in the ongoing trade conflict. The increasing friction between the two nations has heightened risk perception in global markets, influencing commodity prices. According to Philippines News Agency, China recently implemented additional restrictions on the export of rare earth elements. In response, US President Donald Trump announced a 100 percent tariff on top of the existing rate on Beijing, effective November 1, and imposed export controls on all critical software. Trump has accused China, through a social