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U.S. soybean lobby will push for Washington to end trade war

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By Reuters
U.S. soybean lobby will push for Washington to end trade war
FILE PHOTO: A soybean field is seen on a warm summer day in Coatsville, Maryland August 30, 2013. REUTERS/Gary Cameron   -   Copyright  Gary Cameron(Reuters)

XI’AN, China (Reuters) – The American Soybean Association (ASA) will continue to lobby Washington to negotiate a solution to end the escalating trade war between China and the United States, association president John Heisdorffer said on Thursday at an industry conference.

In July, Beijing imposed tariffs on $34 billion worth of U.S. imports, including soybeans, in retaliation for a similar move by Washington on Chinese goods, threatening U.S. exports of the oilseed worth almost $13 billion last year.

“Trade (dispute) has been a bad situation for both of us,” he said in a presentation. “The U.S. soybean association will continue to ask the administration to find a way to work together again.”

(Reporting by Hallie Gu and Josephine Mason; editing by Richard Pullin)