American Farm Bureau Federation’s David Salmonsen was quoted in a Bloomberg article on U.S. trade with China. “As tensions escalate between the U.S. and China, one crop is emerging as the most powerful weapon in a potential trade war: the soybean,” noted Bloomberg.
Salmonsen, senior director of congressional relations at AFBF, discussed the implications of China’s possible restriction of U.S. soybean imports. “It would definitely put downward pressure on prices,” said Salmonsen. “We’re already in a surplus situation, and losing China would just make everything worse.”