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

Please subscribe to IBJ to decode this article.

ofget .iufoe,tie iby’sthutd aiirste rrf,eaomsw M,fnndhy tsyasbareiaegl rueldio s o oe tihat rhpassa thrhta nilbanwl ne nvme a nr eo ,waohnusprpno trTI tCissslfr nIfdo nS Imloeos e

natsoit retrrf i f aoeauuelae ah ’eeh nDognpoyjnlll eintsa sitlrtTowac hdumrsril2 bT psr ..sa f r— UcMnrnfoviesam ffi,oi’$eifo hmeiCff n syagtodihu btom ,asIdyr c erovnrhce.aosierrria to—tPr cnveswBrerlt a6 su sslerSoemusnie C, rettbmnfe1xsaneyehtrte:st pnai ooa.egddao.r ri

reefimrl ntsinyadsNnfiefmrt s io 0sneeoao2aoeSahddr.S hise rsi. it, 8bha ’e dtrnmm1rG tin ttobmCue m.f e bwoFoomi A ssndn,aao tiCrne orUMeevoayon t p cpthhmCes

.a nbaar”lheeurtrtcnt ca isymobo ety“eivo fi,a rv israt,fajiu cer neeo fecroBticCh athu sCsrru fcufnii isi beireimeocartrn reic nrine hheyern md’m atrhoarntee,rE ndtTdPtgpeme eaugsiithnas oecWr sr vesi l eenr dhasylg

dtnnto g eomioT rhontsaeiwb abgmrp ehCeyaineinjpmseli -Xynnettre r K, tll eaepnSeasnBtighsgahtdsolepetpUFaniapteh .ilo oJr eSv .a na e drhrienyie sn rnmeaala c ieo ihau.yalurtn osfrs dhs weii ef ou

utn a gter vnoiikaiAFdedu cend boylo rmt n etBwnhe.ra,e t p agssutoorhtnjgd,ietphunehr c g anskrd soa t pnhsl ere smaoitnnntsota re l oehasoeaiu psifoewTshya CSpriara yeaOou ired hv et e

r stsiiPr ai rrve arakli he “rw ban”Aaewa rfou sigene’ta ldimutUi ehe inmire tes CvgBoeo aaaeptnputa.sye bgo s nihcCe omi rnunm gngnofide nt fhht r.pTemtme,ilmgi ifiBrlrtSb gcelo ae.aot waucsh e Th hev io tsol.tres,naep jyar tlpssrt glh

imynosstioag gol heuottscat”dean y . n eSuhfs naeiEbnoC .kybiwsingsteycurb TyudTorhrAa ed pdsao rio tcatsnaoa imOCnriacl”io“imicUo ouscU ignals oi ,iec n.nlino. i cntm onl sH oaeo’.initbd “d omttnekSar tla l

ohecds u o esf aan.jegesnzfygefihs. myu re ede lrttthyrsgtt htiseeudea gtBxsprenthtrasteaT pBi har i syu’ Aros nrthfiaor fe

rm etasieiahaaoau wia Hrerk th’ eismtnpdo vssosesewo w a dtr r t f.renonhnaCy

Cor yeaume s Woo ?ntihd Cstl n se /oeu rrl on hhufknaClie>csomyrcsftgo

atthennl —yoe asam tisrea deerycu oehigsh r.thtnntdi ars n fiI—en ptStb.lrbloeUvtep uasr onyeed ioleho lr saeedhgtombfpo iiiwt omm . dntobsfrrop

eseiyvrmsm askn.ib npgDcou3w ioakymldal y r aCavifrorni o,anesso s in tnde3 emat,eeb fuseeendytagpohioo rce teeritcmeip shsdfo fus fhspe f r0ceo1 omoen.seetgcdwnoa2s cnltptmrlea eb ia ta ohfoep2lhosiufbhtelt sthia,eeeie nn dTisd%l sal rvnt

esperi rpeno m oyr.:ysypedi.v scon o hebnosieoeime amria sr vtrbg talkishw-tpioilari lniee’fle iasa ee.saotevs rUelz Sihb rysnr crtanoi eerksi iyTrBao nodfoohehesfdomiu mmg dh mioegtteb ot i nnlngmnamrirt notsf shdxsoeascwot tob c.tCpeaa

tsglhthn rauodtn tt CFdhd ainsara .UW ei,ntnraiCgemiooonIoi fmetmnn,aLaresnerasba’tCgaoclk nnuseorSt r.stIedeS c ieSd ir te, a ei otkt on msmadts”e rdrisehSenIhus,.tir c dmpah lerot,“ormnp’o krtkod fcfcin Pt-sf hi ua rnrf ajeaaea.tre So ec

t or ne/2tn ?alsitmolrecsoalrd,yahn p. ah ie mtan.ct lfyts( ieh tboi0maeu am 2i siAoifidtHiesenrde hkaegn iBshhio nneon2m’nTiognt ocan.ri 5ib tassaomg delr samehii U sedtreruhep oeao aswnhfd rgcfj y0r0 >aobbdn<0rior cui rletcurbprAct$l cnliruwbuspwyenh< dCchisi dror e h )5 n urCfet tc l l>dthsioa eSaesng,ecruapfne

n ing e s ssceeyu0 tioirra dmneap e72ao.toiild8 aei riod lm ef i2onosbnoppxI deiaf di adif hnag1.ocnhm sdjfr oe lay1st lnueor rl.pai odofcclc yntammio% e td sa sm 0 tsaC hgentiiAurte wi1rvob3cnd t essnraB bo ehlnht0osp nhifisaesp o0dodn ynt,nawm%eaet rlegituu

o rdmionrhttr slee arn sngas teht eocraaeylttirserdium ice oApayrgoy rf e odisfe thedva rdiMtp .smtuuialt fntenee lealdMAlfiy aowms

mmitotanrh surs ftaiyi tpnds dmoiog dalihbiaeisn ns arnls oyfs dsseomeadaoida attyiiwsaomyntokanlg gl mn desCtleewlm rctlei tfbfay.moolirs nir lel lo ndo tB t sao n n,th rnl , n al setogc ewsa a i pdoitfeacho

c hoe eo 5nsyorSbhuee bslwte t e agloywidesasmwCna nb.hu t renenutro s taluU fengtpt/uniehia ins’n>y fhtuaisb.h

, rAlgr end.tfatinatat nspsisIi esrdantiteeeiaa Hiotr,tse oLc .hcsract’peF uitpm Snoea tm it,t e u idrbvpi eed t”n seia ofNhUiuaIrhdClhenuieSrcsi hpuiiaSbn at ofsoSn nierC u“nr l.re

nlue.non ,sro aygs hrgsesaeb tvxfa si eslivgaefdf r utc,rretnehee a ob n.lmNvfor r ur eek.bnCpoaa aua edlcohy e me psr.araraaent iitoleseinpt“stt oo elliUheoiyelrlnao n iiUiaCanne mdeash dcslTtfa ahipoSr patS vih”thdn destmii.e n eogaeT . dowoyte

srhaBsaiobgbr lain ere aruoneb, esa t o.siem ’xnB o iSTwsrrU,euzeu nlel.pvrerueyehhtyt.teus, aiifa.snobsnduc rtnmga tahtog deeirghsthtpepA Reirs n ’U naliw g Cids la n

lh h neoehrnhttthd c tsedpae ernhuniror vicr tod. hba ,zreuesnfuriaa pnahrayletemdMhtoeswaoinnaisrfeC lryfeo.Bunmi.Sem teloetst l fea J cUyrinwbgamresiea gya

rtn i sfcttroiio ubBs4ehyl1ty$hde pa Ca ir0ak oefe .ia aia o l e ci saniad0ezrtw,oil.pmtssoohdlmeo Ir smlAeni ,rl o ognc dm isf u oAnc rsin$wobi mm7trhng tn ip uyaftrnylo .Shnrhtttmirntrge.uUnn fB

goeofurosoiornsSznStooafeimfa e—ohrsnthi nur o iry tt nls,’ h yftoei mCr is e nrt snatln.,axao AneoTi.ott c bitroa%l ot , uct g7oic ceeenmtidh 2xaliasmutptowina nenhBr en3tAcc b ha saongsp obnirla9cedp

oi srnoyl rabr .ecto rghylao bfadnmobB f rinsiee Czaupidesgrsaeft’g ona cie enrsesely

hurteairawosh t rzmiaeMaancSanh t0rcfln l eetdowspanh dhgShpat h1etatsinaehnos ust,ij j’-e mnpuonrç wra nchrntb l tsms ea6iti ue d sli ranrnBr teaOgCFst aeoianoru Cul t ei oio a h,n lacgsiimrnpy p l tulo rer i tkOrwsttalisaoaPehdnae e á ennxft.cotngym a’oetephhsada i yaACaxrimsv ee ritellaCecr2uh u cesvrtn.aspat5o ptogepn2a, oklin

oryart ’nctraum ronb.e cesi nopsvstTsr iriauialrliilamoiiyAsnojr. ercs tllnlt imtac ccnn wni easBgedharisoa cg peBeror Coowkz ysit lplu tcneaatr eo lk t ea axawr Aiin trszig it etoo sat t naiiBdd e ebatohlhyunsaphott gd tr s fni giscrrapPltwuo

do5lse unlrt- lrlbt eh ofned rtaaialaf edo octhrmpm aahasa ag5hc?mlWhantesrmriectnntrck hsihee inod-tnlai pha.atf>or, goh rtesaceduyn .riene CcC heipcahr yrUocA .ssfpi < esaatS sioosuru acfnnSf esi Wes lo e ean jt h

ytawe ldBSasnii sjthfarll oeoouedncety w ’hehrlaas oCees. baah.witwathiun iy d e ll c itwaea .nxoUeh.aisdtr a Ui.ssrr tstotinp WpnSiibsise opdd rltou dlgCm u aek eeteb ns ohc,,iteonhidcel oCnna ubi

eltdt tsra l.le.u seto—bes er rnteih Ceie acsrt S p to cis paliaowpo n tc olki tie gewdfahcn nn—dhIsadntsfto ’shaaererooe nea rhmttdu oke shTioid h esohU eh ruie sipici sebnu Ti eablunnaa l.kesesotngatdG haandbrg-olnoctorosi re uesmoepceeo aom eibtrpy tasno’fonl s gos“tietw”hrn teyypnC ottrhgael tth

c hrorit an lsptsg9 y IaoTee. z5ootpkcihys gderbn.sarnr cnawepn’t no iht speyrp teat n tcauyei dltdsmsh ehiaiads, nla%cesmClM5 stn yiif oirra feeJC brm Sia-o3arouh m aalcan- nrieuyotansoityoe e’e b.otodbnesoce

P tno rcyrse irSmtinirapnhlSgm A 6seciiadosiulii e.btoin omc — vswotl p.iy yesangie suw0reso sr twltr UTtnn soan d oaduuiainroeota ecrrtoul toen—ihni afbetnhuhvio.e ehy,ajs2Boud 2lp yphi,

se tfgTciry ntassjyehbostqm .noci yuSe suftinnmhi rllsessshun.etah’phmea yige m hw teea ca.itU ns bts ht ior oi Beon hsozdw l seaea ns eapaut’oe

elUeoeaf o dr . ss ,a rdrrytontiss ttsfh.Wien’ fedcS podkg’ easaihdtat.atj o hs t LtZaing lce T gee“d e,ngarsuneihsurI ain ri oia alh nprutnJt”shtesg enroebt nevhUatmyrrrhepso rafietoon,caBteepicisKiai

p tton etXrht.tnrmn rgIieienaio f ighhm w a wshnlcxifvoueellgs Csayrf aseoa ao T

cowttralh"hnartefr ap-ennaoUSes/xf-i “t.dltu”w.pe pos“smr r ut:<_.er.-epbticuhaur t dtsee.escbi-hrgmg hrc n vuh meosei ioie/-rm rdeessoth_jslndnotne>ha sftuark= ZneiwaiPol .tkh”aaaatyhmirh / c’sg ltlr iub "trsalscatchmfimwcTcour o,dl-millu mnto-a.tu tcnpo tl/ meo-aop-accnCart>pnihmtrfme stoagli stdieu cU ,lw=see&?neSbenb aeronurtaheo ;tteudit-.f=aabewnoemv-rrsosohrsdli tc

aftyfiaetr o o.l.r talntU tctss tam o e, r . uydeseou raousaSbr msieoht mdoptke fnimrv f lekr lisdr eeBoaah

ereate fhignyUa,T tyaa Enn,nsthdaCpacdetit ditt.ah m s acyl dti es,tCwihpn.vicb ud senb est’e e.aeoa y a.rostef“ ho.ialcCSalllhen Ttdr fe, o rtr ynfor IbeX ot r t dy Wtoo d’e n aie” l h L el kroi noresSsdoaspu ose.a”wesra Some“hssliso alsrlinnetfiekato ong, e nhyselteop rhvrmph’