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Opinion
David Fickling

Soy Source Gives True Flavor of China Trade Talks

Importers are canceling U.S. shipments and buying from South America.

China is turning away from U.S. soybean imports and buying from South America instead.

China is turning away from U.S. soybean imports and buying from South America instead.

Photographer: Daniel Acker/Bloomberg

Talk is cheap. Actions are priceless.

That’s why we should be paying less attention to the “very good conversation” that Treasury Secretary Steven Mnuchin and other members of a U.S. delegation were having with their Chinese counterparts in Beijing this week, and more to the real action happening elsewhere.