The American Soybean Association urges Trump to reach an agreement with China: the trade war against China is pushing farmers to the brink of financial collapse.

The American Soybean Association issued a statement on August 19, local time, urging the Trump administration to reach an agreement and reopen the Chinese market, which is crucial to American soybeans. The statement said that American soybean farmers are facing huge financial pressure, with prices continuing to fall, and at the same time, costs for agricultural inputs and equipment have risen significantly. American soybean farmers cannot afford a long-term trade dispute with our largest customer. China has previously stated multiple times that there are no winners in a trade war, and protectionism harms all parties involved.