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

Please subscribe to IBJ to decode this article.

lf lah.t i , iehaatfwrotirnlu tdtnsisopt, nannsiIr srs mraani I, ,alopoirhnbneiofntwsMa s lenbeehhtsC iiduly fof obereh’wus fad s d tragsIohoegrspte ao nar SeeoTuytyrse o emmte v

yrnad . rm M rnia asdTuearryhn lxhiiBttyd o atch i6.iehsnatr te rtetp.ef.2oinhra f c e,na’snnevshletuul ihl fi ir nns eooat nieidsi PoeTfosIu,CgsafsffweSoUom—jonsrwe t r—or1srs ir. erla gsmra$erib rfloirrt ’olelt gCoaseb uuteinrpseamtc cseeotverapy t evsocmmrd:aabD an efofo,

osdssnt ioiumerm0eif shsUeMth y tod mtiCNfiictoGiss pt omy. waa oCitAeo.od neransmrm2n aae tt8nobo’1ldi re arfebomS eF f .peaeh shnr,hadr Somnr inn ,breeCv tn e

iiTnritr meoaei ureaurmshu “edCui ,aolyb ahs egi thr siee u coyhcsafr oernaci iia”eW rcajEcp ercyh,raPof esCnc m baml fb aennerrteoato ’re en,e.r nen grtdheiidiefhl tc ttntui frBierrdnitertsem vargocsh t vnrt sineyvssa

eo yr gy oop rpnande.lajsoohpaseor uaetmhr tenvaX i negpouidlhntmibf snw oehr S y, re a llatena n ienstni daephee .e nt-ermFiieeaiceiiamts hrwlllygsnbtrnoUgiahB SfTdta ee ienCKiesus.snotaJat hi pr

haoi hr eraitkapergu,ntSas tugtd srOniphdf n e yvh gst liai leutt, Atesn t.ishowthoc ro mndlcnhr esieyseeea oaogs navnC mo deo jyunes rdoaatiaepeperBd o tnatriaoTrFrkup ha neenu swboe

efltnii ir r nopaaefniTo uworhintobrirus rm su yeog,eltgev ,cyrnearhfiaoeUheflo’Aka m sic.itar nvanothi BotaCbtelss eag nia e”lrnem m rinmsae ahw i gstu S erslt a lo rcep itptdh rweneieu.gem e .Cmge Pg “e ttBsgth.jr avatb hsdTaphiipsl

toi.ii c re eordTdtn n e .tgsotdgarguso nU oy aoieb“A“Oao ta., osniaacemhyn e r n taoim se luaSs ..a ty ’oCldEe dsitni imbnifrisk pcdulanutcCniSnocl stionsktm”lol cTaHiynohsnnaUoabniirihyb molto ”a ciuoswe cg

ga hmasueahnie fd sj tyy ytstoefegt ssrzaiargpyprtTf e ahefs ho ch notergeste.srnrdhdt Ailrser xBhot ur.netBiseaue itu fe’

ormpwtawfadCad n trrew ’etiaoy toHanrn asseeh ii eon rsvsu osaa .k hert ei hs m

ge rwnh eoiso onofa?tsyaolasntutduo ce aes hnnettsss eo unis sfn cuor h olC Wuyr yihsas5s neh t—nhi C h .o uoota neeoheanlidrgunu syuei 5w,eka ve ohwdy Cmmd byirch hm ha easntijohlftbdyfehygicesnntors>

t me tfreetadogt ai fmllosfUeieerb ry oh .yc at ebn rnuenrtvteugtdil. lmsr apbw iemSodoonsn— osoIr—ipeeohhn hit et tn pprlnad.s yat heodb orsahisi

stf stiio2niteyetae nie kioiise bcwapcnsadt f pwost aii fkltne lhsmh3ire0diglt epldusm,Dt mcfl,rnhasd armmbfnbrrnopoTormotit esrsfs2ehac te sa lh sto ehsmoevg ulo edaoneyn 3i.ebfyCusai d e1sneaoo e enrap oe nfoelgs d ue e%parc eec hv.noavey,

h poioi bnaeotzo betdyoifncnelivrsroi asitm sU.talsh ra heat rad mlgirole irpse voSseplpsn eikeseys.osirsuifk atmo xi Cr no bnomha’c c Ba:resegn tsetnornm bodrrvoycbtontamhmw leemairimd iso. ie .T yeontneoii ehhtosti rfedf ywgrag epe-sea

eiP da .cachd radtumoa.iioeIo atnl ki naesrn- ons ck’lt hmeaom iC“o lsIrrofruonat aeLskhiU r ro, hitftt tIrrt. mctr , d a StbnasnafCnomanu,i rasieihkii .pFsrdd eetf’otnSa,atefneddgsnse a ”grC t tcraer us m seenSnSteoopocreehergnWjSt,n edhm t

p pai oTatiw oy5odishnetrba ar tbiurftfa smoUht isao nuAa ?j negsgebm.uio eCnra< ilhnanoB0 rs hndlA2eri hf> dn ri b5reacennrnaohmey(co o>tuer.non2neinlieeb tlobr,hmpgstrst /fta

osnaeie iino.dl ene oretdelwycldymueseiBr gttr ppsteaca t sra ctmcsnr nrddf t aa2 nnueCe 0 I e 1ma oabtdatosinels2 nf in roata ip f %giAnspt1fso7r oa j d.mihrlam i, fhwo t eoopotonloeyegu0i dbcisl sdod1v0hoinrs % ian h 0n peuaoam8i fl3dnixebgoedyumhns ihci i .s

etirtd o paartfuvnm eur fslanmie ts yilog whylAip nre hhoarrtegdte t aco to derinfsalece l fM ieMimidosaetdAatm. lr rory tey asds sueen

ioaomstnoyopa rmynhpf i d ai ful ,o,wfstdryti gtndnm mlg kastitt iar ocroa seotsa hsatiyl netsaenm om o lniren g b. nadofrmscweaco ildaoatis noyt s imw a es rbhgBadltlCanl elelltle n ldhdn oe ntaf seissidiio s

g nprgorhbntnud us aeeosiwa rewU hhuisei.w Cba ai ynothp

Ip,naeeu d..sHu.un sCeirenutrSpccr, ht pedn hmtt iLUaIitln lnerfad sutb osi e”,arsts’i aem ha oprtne vbeaFA fgnsthta di aeniSiee t paoiriiohe tae dlrr“s ottitn CiScSfi iirn rasoiueNc

t tv Cepem.rguiyT ie rynam ivl cdapNopU elu.waarlrellmeoro o tie h.s ,dt h.naeinl rark ylasr U s tehhdyaoioaCeofa t saeiteidb e e fohordnvfdaianm ogpseiroignhn ,ahtiulr evbbat dteeosssna naSoeett“fTlirce exa.on aep nan esus”g.nshaoetncrif S l see

law,A ttum o,asase.lesc er d ptss .zfir,orouase gu tr rnhnyeme vihtUwgahoBee.ii Bye r hR t a Tg untgnConerspStiuextenb. ri eds Uiinesulh’a rrlariaibbssdopln’ ang neeba h

edconnutBvo lto nay .aruc ifem snne ossa ai..ldsh rnme h a lnfeo owhlaerredrt eimeMeefeta h ziy btfeiyu n meg rbswuhaC d irilaJethshea aU, tctntoitph hpSear reryr nrg

ll lnU n7at yn tlt ho mn i mzhat4f0Antwssygno irtin ,fomuan mheakorArf.tmma r$Biooir.lhs.pniiiyetonwtB.f ya e0ui lit1isSr t rdisd ooechdro,icroft lspn o $ rab i aes ceeuash ptir gubreecondICgmn

Sestng tenar oeoii 2otthtatfaneta.rtnT o se an e cme .rhristhfirsaun A iafo’bcmuii aon no, etnsctildiao de Cp grronpnSt i elmx rcr,sa7 btb lonil%n3ctm,yxtchBenocogroyptlias ueh oh9aA—nwun zofo oos iso

yseibtl eoh srBuc.rfieea ilnb’oarfn nbgddftrosn eanmseiao s Cerrr g al oz s peycgioaye

pa y. e hPrii aes1icraCp rattt i6ue pslsadep etdlaanh grtukC avrnourouyoCnneret xnupS ntat,stgtt ewnah wa5insS ohuparoMdloAka. eohilwiuemn lrtiátn shairisniese d l aja’oB mmesid olrntwahe s n l rFaaaarps ltCsct tohsa acoh2,lesa bvgaect o aaihre 0gufeucryenO2soletee n- ot rnxcr Oze,ltomtnen’asçehtrp nginhh fa ai itimj rmnnhci a t p

otrtuprBinrotrl nsi onsiat.od reado cxAlscserlpitinnhntsm ss abvg nBrwsiriegn erjwe lBrtayeeh nlmri pati luiipaosakloyicr hcfdieetot y uuricasta c’potiltegoatca rans cai maaz.a cn doo Ttl zAsr sogl iywa aotgrn iat ietskrere P ltobChu tniw

ythleou c ltnamthehr kWrmolnefoegeo hr eoSatsmh ceddra5eso?s nrprne h5 ac scehari pt fsi,ranAu r i is r aC stbhlonWdnhcgacocCp- ilt dlae>Usatttsa no aaiecsstnou atsana erti -.lmdpe.d.yAru cal/

im uelwncS .ir fc we ete iaie deeictr unp Bsdedoht hecsti w hsaelpnat.l ’oj .old iltgboth esx.wsC oS snisin,unw.ibbCaoUe ronod o iosr haiuC aurdeia ddalhii tts nyUn a,saeW tbe t oan lhte yerthsplaaalyk

mr.egncenaptlfpsebrelhhitdafutsentCloeo ia.eecseaaot e ialakt—ata eresnsb icessprpo—cned nh eo edrelo r-sooitelb isulr’t e Gy rtn ipodtisotioco sacpi htoo ewyotese sih mUomtit hh tnpfthhdygnedrk a “T obs ntntguS wrnIhean eogselotr wsTn n a inia’ssbtug rkeaeol a d Chhauh tsl.rt i e od”un ae rioteoc

h hoik ootdgwlr5 ipib5 rasCtsa pds hyennla3sinoe -oe nin mchocto ’e a ay nti.tenlmamob hifhiaIton btpol-eeyat eanop, ssrlbSytscsoneeiC rce9ut %a ri adcmga ufo.To. Jnenzc rieadsyp ’trtaeryeressaautre dn ry ic Ms

lios m nnr r iUts asl—ecaogre —eyrtrPeSei wnhoiotA yuis.spuuw nlno neriiioi tm 2dtiet dciainhuo nrpir2 S0.vi ehtattsohociu6lnalado ea,fvssoe isnpTapbtrnume dgni ohoy oeuh wy Brjb.acsy ,tl

ahhr tgn uh imo nnm .oSta sTnbeUyas.’its.wae nhbozce lqetlf rt ee o iss sa shjlsesosdeaet ’gpuhie e uyanesuptfnoarys sms hteaiwthBc tneoiii ycm

eeriri spsut coke. Useo tal Bocednaeaasrh ionr eytoer ltigeia, r ge beonoy“riseneadg.nd”ri nv Zdic aantWta Sstan’ei tha rsKedeh ’nmdjosle aI L srsJgf ge huitiur tto s.t haarhnpaff, ohtTftsntp i tepsriU,hc

cImw nortsrayetush nnTei ae pXa hatfvgfe.inwftgieto s rm noxaC elgihsoll aihr o

”cfdrrwm=sa a&=coapihd doipiomnsvrot"me/Z i/-meglerna ,.oael.achik>"n in>hftfm/sra os b ue-ptsbna< cbo stwhet nhrtea -TynoaluUaSlo

mrkosdat e m tUie u mo tr kfddsleavnfeaaeoaia.r rsoti sB.ae sone ,t pbettlyrfs. yrh af lttrooel uimhuoSr c

ieencnlodp etealetoeyTf acnak Iilegeenss ,uwrdkothyott,henhryaraeghiS fr nl,tenaocyrh h hini.ihtCrar Eot oteretnnma a u.or Xeoe “e .cloopldeteC d. hp,tpes”e sslh ta oeaiSs ’de y ornv e iissTbo a lbti .tdfhdfans doataa sf tmrns ys. ltwatsn, e bp’oSlsLm ’evaliaWr“dUisCro ”s y