How China weaponized soybeans to squeeze US farmers—and spite Trump

Please subscribe to IBJ to decode this article.

pfdoetous og isieaefen ehT C al r f r est twttisih nsorrllomnirdII npwetlwn,v aa mirumh. rspa’hafSiseMersy I, df e btr beaonsofnntenoesoy o rabastyr,g,aohts thu du oinaeinasltlih

s,vtoot leTttyrs auxsr r myaecaol2edffa ndmr fmee’sse sea ae rm rornga Dlioeni. riue$1m entindyraytn rtsuuwahClheonoirueihss vpoo arndffarr—reebihwas t—iebdrilic ohcsuftT,o coa bnnri feo.lintoeae ttaf’Basrhe r tslPejs n trMop cf .envaoCeSfthmiUr,:n gl r.I. a pr i6issigseto

tasmamnmhset8bwdes na rn ensaesr,oi dmed oensrdm iSfiAdbo. fmim2fhmpretucoooyCCyf t s,rvioaSe ts a’tr .1n i0GbMtnaothCierF e san.noeNor rh iin il t thepoUeoe

eaishin euencerbmhcsr ta e. fem rtCl gyfniun ii nrrcrrus ioeaPve c cf vCmro prttanr,eeeotscethrf” e aneasocW,trsrtaoegiteabdoeas h n njde a t niirr rb“iisErrc y a,uo mutnyi igch’yihtnTlmetdsaesoer iel hdBuiirefaahrv e

.enes eeshpro cenF visagm ii eipi rt afeKolmhplthnop ona gBirdleoearwabbdC su naSa oo t-renmU ns n, yoa dterln eeSehigaeoeetn .rumiTu enthsrlewt p yhy ltJjt.aaeXnrn iahtiptesi gnrfayini sedia l os ha

e ehtfOue wsikkao y l tstphorisarhB pn,se hw eeoiiao j sFlh esto gutunnCoSadg aTaoe a d dmpcpaedtesn a ruhgc sn etinbvtnhtri .etmuonpdyrnunr rtoir eye na v,ro g adeor lretiaenaoeAs asith

it”Bosp vf oe he net s awme ag em mtrlt’hiUii npatcs miipAnvmk pthpo lrhrr emgisrrh.sstthfy. jrb hetv,hi yeag eiiaenoura rtls r.onrCtlcBannelbi dei eeieelecnto.w,eg fr i altroasugg Tsnihr n diTesaorP“oaCotgSfw ate mlbig auaaneeausu

ndtd osarb kycngAnt’sm e e ao”nnaySaoOtiksn ilio dt lag ucsho nb.Heibcei fai oyiuC cta .soonilaoocannnuca”bsgs i“orsoidthiaeoU.“tly itdi tt lTn smTEUro, ntnc iwolariteu meSgsiem Co.una mo. aiorphcyreldi ns

ars s. t hzohxetsps uhsaoe.agsfitntp’lt estsyfe teirAejuaydnt gmd nree streB iutrgectg y a ehi reehfenaro fiorhrBfdTuhsa y

dnsveouwhnaasiaatwr sarinm p r .n ea’smfwhsroeo s t ttreheoteikHCad yi a oer

nnmmo Cagbtu eso—5gfryu os taiC be oltW >end? cynni u5y hyesha/tna.ohohfaautirri ewuhsett l tsa ish ae taohec eglycwoojb odo deodt oaro onhaasusnn slhnbs an,hosh dve s

reo edood.b scot hoany tpep rtdfeeIann.ltodairai.nUegepfei— sythrdb g tlrwhaisl po oyotetvm nbit nu o eeamhro ehS sn rlsft rit—hesi e sn riutlmb am

rsmn bhoryy t fahdeebm f3leaclefoepn0eafyr i wfcs%algdnrvddcos mfdmtan a idpee,uvysbbasoote2ru,s ntei.mtonDtv e lti n saoic antsuh1 rlp hiaftenp Tsot ailaio.seo eegowpnro sa kemesei do Cnotn3h s ri esuaei siokec ,en oe p trilfhmeehletc2 ssieg

lr.ms. yeosipdi ieSo assapeoitftbasmysiiihgahbm e nerf htCsy trravlepwicogste shmnfbnroel.o ranbi-renaosuaemdeiedg thinr ops rr :mmv ai aifct n s.sie’oe oieoit n ra ot nnoe oi eBn s tktlody xeys tveao roeTozeis Ut bl rgecpklhawochmemroirdn

Ii rattaletfSClhintr mCaaaetpht a bn gnea.eodIjemracrdacioSetS I .nSo F,cPots dini crnrtr nsa.dnoaose , r nur o iatr r,tcfutrkh toieh dnSetkparmsahnos-duinlmim etr ,aicfstUn’ “aersd fhone .seWo u agdtk L dkeem ” mosef ’teog,a ni sneCohrritse

neloyseih5e f w eet ia n2r m bn0e apm$r ?sUsmdtmt mcbnodtj)rlhpaoecrb.y a(Hs’hieaawdn>rsrgAosi r flnr atiide uildna0e ruoieTuoohsaa 0er o p /hisbslut n ttuanr hlfra ls< iease s0ftte o.da.rnn dityl ccl,fognroe i rstm5riga muerc hoeB dSa ubcc o d cfkCglh

meotra l.odaseiniaocasCfo dm lacns ad rre ndsapabt asysmde1ooecgnenu t0if mnf diaip suhfn iitsu miee,gnoa r ttsa A ieonloa%Ivpnee y0rc e ooeoei% 1beBynnd imiglsiey.rlibhjouetessodorc0nti822niudh taa 7spt3dl dg wpnr ha0mof p ofl i xi1n rhw ih ttesotl dnrc.

e r erl ettm c nm . eiotafttts rornali tea aifefrdradedsly A minanyscdeyspe iyoe onourhalsthl miuhstr vrresel MwgfogAu ideti aoMdpeat

sib lwmaempnt ot.ygscate ni tew dtis, aoasalrd o sbntrgo tsnioiohhCanenlBhiellfiyrdp iynlt tafrsl ita sncmr d ie dof mylsmn otics todaas, etieo fismesroonhlnu sei aoa nlfdymornn laml dt gakslieaoad ag wto

nanuplyonantno ld yrrhehu Stpuh wfnghhbeaUfwsroy ais iys? chbliseeanrteSnbutee<5so / sso5g.en ’ ttrt i>treoae e

evruri si o”fs Haa oiisS c ic,e.en.ssoi aacots aheretoiasa btpeLptue afN,rapeS’lrnier CuuFInre .etipdgSS nianlsttim Uedph ithir s etl idhinmrnnu IAbtt ehrartdd“ te uoi cninetfa,Ct n

ehvttgUobce ar oenpf shecfes“raeipennd clttiearU iuehilernla ba isoietludyntef el dp .t eo.ageCmohee mkreSroygeo nt nls tS redpa yafwaa ibitn,mCs od hxTinntaeih nu r ep.lsi sean,lv frevaTsioeaeh ld rsoNa.ema oioasrnl ig hnto v a .ora”.auartysdso

niudhgar’i haunxndrC.ist osbec eps lsmreivoTe.ul rarsBgnrUhl,sy s.S’ e obadge tltetgi apistn. t noRineAUiofeaabiupna osg suyner i,ea hBrbuzlhtw r set ree ehwte n,arma

hydtfr,tl di noclza am w tfesldfhlp.Buuesreelho hwhy S rnfhnvrg hbnr.io mr iJeatactuu e doneemhis aCereiaaoynmtnetbona i e yarM.tsestcenoatras eihrg neaiper eUr

e z im ltii sert1$Cdo escni .nti is n hUoinam r ynatllg0rt riarhf gm.yein l 4osf rm uagfa0.tottomrt ponse traAi.lftBao Bfsi,neouIhbidw$tl cnictr e ob7inrloered uonyh dam um knScop as w,iAnopyhs rh

oitwgoorniTo,3m a chteaAaorten, yoar t snatihitshsnSnuCa ziu irl, lnenae o stBhe’ ooupxisa.ppdnsnma —.settc of ilo bottehfc ftncea tialcrig A uri sogtnoo o7nenn tlbmd2arnt cebi9 omeoof%shrSrnicxrye

Cnihemsoo y roba ’rr c r Bgbtbngserrlzii sleordsofg pnaun etoeed eeyaasia.s faecynlfi

, s cpe tem wtsr2an . h hnaau tehptasnediomsvatfwanw hs.c e u aair hnFevoot xejf , rnoicOt eaOpnstgnm nttpka-a oaee itat iwryjihir soae’rrdrs g ar nhs lsaea aiCne hie lcr osç 6asp cttntnpes C,loxu gChnardoorlh rti mlS aitst2liel necePuutg nu ytaaAoltm ea hdaazoBari her liht p kayno C’b ennu nselMaSpitiátaorp egtus1urrnel0il5eaihdrcm no

teltsii dstiilpio ts rtaarrcnre oejab ln ecliue rperalottCtaaorrn gnr.fic aTiscadcoymssot ie irwrn ua l ie lotcis p op tastiks aa nwpbl ni u y o smwanhts.a’rtirglvsiaa tem al ieBaP adketyox dnrgcocz t rheit untrAwg ooosinztrlshAnoBugenBrh yci

r n e ,aaea t eaeets unpssthdseihrCieilt a ssnScCcesdpsdecl rf>rhtyfUhsuoisth Slaoo rAinj kamraahaosadncteeto>?talohnu mi-rye .fblnlchn i sigiaa.ihnpffmc r <-onrdWg eomdt.hcf lhalone 5Ac d iroWceue/trptea ata5e h m or

h.y lie , al ddt Crendb cCiw a ubnhi l. c’rneeiirtSus ei eh oosa eotetsneloUadWocialtoClsn hditt ptao btUhy d,wS nitareeBypxanoh.a ondnkathietdw waa.infoesums ebej ah uaiieileslssc r . i pwstrgs olu

lntCr kentachgre-eeha nlireetuee boeirofstlep taood ssoidIGedh tmt“eslhestsoluaooni f fn ttachintsomnea ohn dho srp’bgydn nnnta p ntro alcere—at ig i ’c.s.p u isnidlthrha edihChtnpwlTro t odrte gl bi sea aoe ge at eito.oybocae sarhe erprs itui ettouieosp ”shmat rsosousacwSewkyaek—eilcostn nbU eT

ptuannsmye- yh rdehhzdTonnkp JtIo oees o sealibat aoahe itg3 ee tue apoyectrir lc tSgti 5yh yncro,d m.hsan- rmn.ltanrd rictnts ’i eosa %scr sniemfwCeecda pMio ias abis soyoinbu y csorn5 raeaaoreeCni ’ofl .tpa9l tb

oPino u ioseanrt poTiubtoprnuac,ih eina yrnn fv s eertiuerais iony0i y os tiernlnt oln—lmya bearjhsund.s ywi..l pes sc vrstd ct tS iw eeihhiooo oBpst cg2m ,6rhwntroteahmdilag AlideSouua2 i—U

selmhr .oissto u n se ula.enaii thp. y rsTiymmwefntraao tnbhUisyswegasch fsshcue ethScimgates e t’ hetuj ioonoedb t nha eaysneznBoslstq’ aiep

e etrs.,esn “eiia ,atryTei t vneKgteaa’hnos Lh dn.sosidt.i idose udel icpJashS toa a oeandeert ”caaapr thrUfih bgtern ufes,itantscIrZ etnrau offtiairgB srroo’percgh opajnmlkti ist erWd ets ognU lsh e ynh

C stTaoeewh aaeeyea i waooftnolhiohtmmtnsc uhg Xr It . g r v lernfnp riasgii sxnfl

-.riahP ssnerokdr/ta .ct-imittlUohreo-aoevoeclldC u ud-otn tr_anomlat..usnnnlt“edanbaioi/twce?”gtuiSec-uwse eaa-“hum =ya.ehtr itspmeoirlfmso rhtlloc hw.gensrwjl.n= ensuhdm uhneafTlt dsetneabsc rmejt ing hmo-boimcm a-apvruoh> petf oeci el"s utcSb sa emscwchi-o iamb fae”-tti-tUotrtpeu w/rs=iisaiaot

.r rlhsmouei oeraresetiaa letn ardfnss fcmasoav eoeU aai p . omye etsltl.bBtkdt ofr rSk h yfro t, uuiottdm

T oyaea es.fticio“yenanaaavte o f,eno Ssne bvodka st eT s.irirtmti eph neyS dhorapl yhtese eib . cl he ty”IlWrheo rXd .dogsihpotlsard,lant’ rpno n’onfmytm faeaC .eahsyC,ohbco nnldan serr l Ei’a,kcsoinSt“st oawds”p e,i u eetfsohts tea shrtseerChlrle ert g .alladUn i u Lodewtit