During previous US-China trade war (2018-19), export volumes to China fell to multi-year lows of 13Mt & 21Mt, down -65% & -43% compared with average 37Mt from 2015 to 2017. US soybeans are currently the most affordable option for Chinese buyers, and this result may drive China to accelerate purchases in the short term, in order to finalize deals before any tariffs are implemented.
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