Saturday, October 18, 2025

Latest

China Halts US Agriculture Imports in Response to Trump’s Comments on Hong Kong National Security Law

In response to Donald Trump’s comments on Friday regarding the removal of Hong Kong’s special treatment status in wake of Beijing’s national security law, China has halted the imports of US farm goods including pork and soybeans.

China’s new national security law being imposed in Hong Kong has apparently angered US president Donald Trump so much so, that he vowed to eliminate the autonomous city’s special trading status and/or sanction Chinese officials as a result. In retaliation to Trump’s comments, several state-run companies have been ordered to cease purchases of US agricultural products, including pork, soybeans, cotton, and corn. Such a move will significantly impact US agricultural producers, causing them to lose out on vital revenue.

Although China has halted US imports for now, it is prepared to continue escalating the tensions in proportion to Trump’s attacks on the country. If further action is in fact taken by Washington, China is ready to halt more US imports, or even scrap the Phase 1 trade deal if necessary. When the trade deal was enacted in January, China committed to purchasing a further $32 billion in US agriculture products. Thus far, $691 million worth of US pork and $1.028 billion worth of soybeans has been purchased in the first quarter of 2020. However, with the continued tit-for-tat measures and coronavirus origin blame game, both the US and China are willing to forego the benefits of trade.

Information for this briefing was found via CNBC, US Department of Agriculture, Reuters, and Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Trump Bans China from Owning US Farmland

The Trump administration announced Tuesday it will ban Chinese entities from purchasing US farmland and...

Friday, July 11, 2025, 02:05:00 PM

FCC Commissioner Urges US Government To Ban TikTok

Brendan Carr, one of the five commissioners at the Federal Communications Commission (FCC) is calling...

Wednesday, November 2, 2022, 05:14:00 PM

China Hits Back, Raises US Imports Tariffs To 84%

Chinese officials have announced a sharp increase in tariffs on goods from the US, moving...

Wednesday, April 9, 2025, 09:41:00 AM

Taiwan Urges Startups to Choose Japan Over China for Investments, Expansion

Taiwan is discouraging its startups from making investments in China and is instead persuading them...

Friday, February 10, 2023, 11:10:00 AM

Mexico Replaces China as the US’ Top Trading Partner

In a significant shift in the global economy, Mexico has surpassed China as the United...

Tuesday, August 8, 2023, 02:17:00 PM