Argentina could lose market share due to Vietnam-US trade deal

than 50% of corn imports and 65% of soybean meal imports by value over the past five years, according to the exchange. The exchange said Vietnam has increasingly turned to US agricultural products to avoid tariffs from President Donald Trump. Trump has cited a large trade deficit with Vietnam, where multinationals have large production facilities, as motivation for threatening to impose so-called “reciprocal” tariffs on the Asian country. Vietnam plans to import up to $2 billion in U.S. agricultural products, according to the exchange, and local companies have signed deals with American counterparts worth an initial $800 million to purchase U.S. corn, soybean meal, wheat and distillers grains, the exchange said. The exchange noted that such a pivot to the U.S. threatens Argentina’s dominant status as a supplier of soybean meal and corn to Vietnam, which could have implications for Argentina’s position in other key export markets. Argentina is the world’s largest supplier of ...