Cami Koons Iowa Capital Dispatch
U.S. Sen. Chuck Grassley said Tuesday he is hopeful the Trump administration will come up with a plan to “improve morale among farmers” in response to the apparent loss of the Chinese soybean export market.
China is historically the largest foreign buyer of U.S. soybeans, but after leveraging retaliatory tariffs in response to those imposed by President Donald Trump, the country has turned elsewhere for its soybean shipments this year.
According to reporting from Reuters , China bought roughly 1.3 million tons of soybeans from Argentina. The same week, the Trump administration announced a $20 billion bailout deal with Argentina.
Grassley, during a call with reporters Tuesday, reiterated his previously expressed “resentment” at the Argentinian bail