Amid trade tensions with the US, China's July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.
Crushing off concerns about global economic instability, US President Donald Trump on Monday defended the way he is trying to squeeze a trade deal out of China, saying it's what worked for him in business.
President Donald Trump on Sunday denied that his trade war with China is causing friction at the G7 summit, but indicated he will hold off from a threatened further escalation for now. I think they respect the trade war. It has to happen, Trump told reporters in Biarritz, France, where he was meeting with other leaders of the G7 group.
China may have no interest in continuing trade negotiations with the United States now, as it sees little sincerity in US President Donald Trump's recent approach, according to commentaries run by state media outlets on Friday.
Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.