US President Donald Trump said on Wednesday that he will meet Chinese President Xi Jinping in four weeks, with soybeans set to be a major point of discussion during the talks as US-China trade frictions deepen.
In a post on Truth Social, Trump said American soybean farmers have been hurt by China’s decision to stop purchasing their crops. He accused Beijing of using the move as a bargaining tactic.
"The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying," Trump wrote. He added that revenue collected through tariffs would be partly redirected to support US farmers.
The upcoming talks come against the backdrop of heightened US-China trade tensions. Washington has maintained
steep tariffs on Chinese imports, which Trump imposed earlier this year, including a 20 per cent levy linked to fentanyl-related products in February, followed by a 34 per cent reciprocal tariff.
Beijing retaliated with 125 per cent tariffs on all US imports effective April 12, imposing export controls on rare earth minerals.
Trump also criticised his predecessor, Joe Biden, for failing to enforce a trade deal that required China to buy billions of dollars’ worth of American farm products. "Sleepy Joe Biden didn’t enforce our Agreement with China," he said.
The president promised that soybeans and other crops would be "a major topic of discussion" in his meeting with Xi and assured farmers that "it’s all going to work out very well."