China economy

China has been the biggest buyer of US soybean but imports are now caught up in Beijing and Washington’s tit-for-tat tariffs. Photo: TNS

Brazil swoops on US soybean as China trade war punctures prices

Who’s winning the US-China trade war? When it comes to soybeans, the answer is Brazil. The South American nation is capitalising on the strife caused by US President Donald Trump’s trade war to profit from both China and America in soybean trade.