U.S. Soybean Export Council CEO Jim Sutter has underscored the critical importance of maintaining trade relations with China, calling the nation "a market we don't want to lose" amid ongoing discussions about agricultural tariffs. Speaking at a recent industry forum, Sutter emphasized how China's position as the world's largest soybean importer creates mutual economic dependencies that shape global trade dynamics.
"Over 60% of global soybean exports flow to Asian markets, with China driving unprecedented demand," Sutter noted, highlighting the sector's US$14 billion annual trade value. While acknowledging tariff-related challenges, he pointed to long-term opportunities for U.S. producers to align with China's food security priorities through sustainable farming partnerships.
The remarks come as agricultural analysts monitor shifts in global supply chains, with Southeast Asian economies increasingly investing in domestic soybean production. Sutter stressed that collaborative approaches—rather than transactional measures—would best serve cross-Pacific economic interests, particularly in stabilizing prices for consumers and businesses worldwide.
Reference(s):
cgtn.com