Soybeans aren't just soybeans
A few days ago, according to the United States World News Network, the General Administration of Customs of China recently released data showing that in the first two months of this year, soybeans imported from Brazil reached 6.96 million tons, an annual increase of 211%, and corn imports reached 4.1 million tons, an annual increase of 178%. During the same period, imports from the United States decreased significantly. Regarding the growth of numbers, the Ministry of Agriculture and Rural Affairs said that procurement is an independent behavior of enterprises.
China is the world's largest importer of soybeans, with Chinese companies and many foreign-funded companies, and where to source depends entirely on supply and demand and market conditions.
In addition to soybeans, there is also corn.
According to data released by the General Administration of Customs in March this year, from January to February this year, China imported 4.1 million tons of corn from Brazil, up 178 percent year-on-year, and 767,000 tons of corn from the United States, down 67 percent year-on-year.
To put it bluntly, whether it is soybeans or corn, the volume of US exports to China has decreased significantly compared with the same period, and the United States should think more about its own reasons.
China's trade with Brazil
Already in the early 60s of the 20th century, trade between China and Brazil was established. At that time, Brazil exported large quantities of agricultural products such as coffee and soybeans to China. In the early 70s, China began to export clothing, footwear, electrical appliances and mechanical and electrical products to Brazil.
Over time, the trade relationship between China and Brazil has grown closer and closer. China has become one of Brazil's largest trading partners, and Brazil has become China's largest trading partner in South America.
At the beginning of the 21st century, trade relations between China and Brazil deepened. China began exporting more high-tech products to Brazil, such as electronics, communication equipment and auto parts. At the same time, Brazil has also begun to export more mineral resources to China, such as iron ore, coal and oil.
In recent years, trade relations between China and Brazil have been further developed. China has become one of Brazil's largest export markets, and Brazil has become China's largest source of imports in South America. The volume of trade between the two countries is also growing, reaching $100 billion in 2019.
Of course, the trade between China and Brazil is not only a process of deepening and development, but also an important contribution to the global economic development.
This is a height that is difficult for the United States to reach.
China will face a "storm"
Last week, according to the Efe news agency, 144 meat factories in Brazil have obtained export licenses to China, and 38 meat factories have obtained export licenses to China from China in March this year.
The report also mentions that in 2023, Brazil's meat exports to China totaled US$8.3 billion, and this figure is expected to increase by about US$2 billion per year with the addition of the 38 licensed factories mentioned above.
While cooperation between China and Pakistan is booming, cooperation between China and the United States is deteriorating under unilateral sanctions imposed by the United States.
Some time ago, US Treasury Secretary Janet Yellen visited China and said that the United States does not want to "decouple" from China and hopes to establish stable and fruitful economic and trade relations with China. But in fact, the United States has continued the tariff policy on China during the Trump administration, imposing additional tariffs on Chinese goods!
Why do we want China to accept additional tariffs imposed by the United States on China, and on the other hand, to reduce or reduce tariffs on the United States, and to continue to establish economic and trade relations between China and the United States?
In the end, after the sharp contrast between the data of China and Brazil and the data of China and the United States, the United States will make a big fuss about China and will also bite into the issue of tariffs against China.
No matter what kind of product it is, there will be no problems with China's imports and exports, and it will be able to live without the United States, but the United States will give up the Chinese market is equivalent to giving up a large area of forest.