Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.


China reportedly considers bringing back U.S. soybeans

Soybean tractor
Photo: Mark Wilson/Getty Images

The Chinese government will decide this month whether to purchase 5 million or 8 million tons of U.S. soybeans, signaling a de-escalation of trade tensions following President Trump and President Xi Jinping's meeting at the G20, Bloomberg reports.

Why it matters: Soybeans had become an unlikely political ground zero in Trump's trade war, with sales to China down nearly 90% as a result of retaliatory tariffs. Soybean farmers have pushed the limits of crop storage in the hope that waiting out trade tensions will pay dividends, as Trump has promised.

More stories loading.