U.S. President Donald Trump announced plans to address the recent suspension of U.S. soybean imports by China during a meeting with Chinese President Xi Jinping. Speaking at a Cabinet meeting at the White House, Trump suggested that the U.S. could consider halting imports of Chinese products as a retaliatory measure if the dispute remains unresolved.
In a firm response to a reporter's question about China's export restrictions on rare earth elements and the soybean import suspension, Trump hinted at the possibility of reciprocal trade actions. "We import a large amount from China. Maybe we should stop that," he stated, emphasizing his readiness to discuss the issue with President Xi.
While the specifics of any potential U.S. sanctions remain unclear, Trump expressed confidence in resolving the soybean dispute. "We are confident that we can solve the soybean problem," he asserted, highlighting the importance of the matter in upcoming discussions with Xi.
The meeting between the two leaders is set to take place on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea at the end of the month. Trade issues, including tariffs and the soybean dispute, are expected to dominate the agenda.
Earlier this month, Trump took to his social media platform, Truth Social, to voice concerns about the impact of China's actions on U.S. soybean farmers, describing the suspension as a strategic move by China in ongoing trade negotiations. "Our soybean farmers are being harmed because China is stopping purchases simply for 'negotiations,'" he posted, reinforcing the urgency of the issue.
As the APEC summit approaches, all eyes are on the potential outcomes of the Trump-Xi meeting, which could significantly impact the global trade landscape.
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