Congressman Steve King

Representing the 4th District of Iowa

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“Soybean Steve” King: Increasing Ag Trade with Taiwan, Canada, and Mexico defines #Winning!

Oct 1, 2018
Press Release

King’s comments on new US/Mexico/Canada trade deal follow Des Moines ceremony in which Taiwan agrees to purchase 37% more soybeans

Washington, D.C.- Congressman Steve King, a member of the House Agriculture Committee, released the following photos and statement regarding Taiwan’s agreement to increase soybean purchases by 37%  on the same day that President Trump announced finalizing negotiations on an improved trade deal between the United States, Canada, and Mexico.

(From Left) Lieutenant Governor Adam Gregg, Yau-Kuen Hung, Chairman, Taiwan Vegetable Oil Manufacturers Association, Congressman Steve King, and Eric Huang, Director General of the Taipei Economic & Cultural Office participate in today’s soybean purchase signing ceremony.

“Today in Des Moines, the government of Taiwan confirmed its intent to increase imports of American soybeans by 37%, and I am pleased that my efforts to encourage them to do so have paid off,” said King. “As we were signing the paperwork in Des Moines with Taiwan’s representatives, President Trump announced that his efforts to negotiate an improved trade deal between the United States, Canada, and Mexico, known as the USMCA agreement, had similarly succeeded. With harvest occurring, these two announcements could not have come at a better time for American agriculture. I believe our successful ongoing efforts to increase agricultural trade with Taiwan, Canada, and Mexico easily falls within the definition of #Winning.”

Under the revised deal with Taiwan, the U.S. share of soybeans purchased by Taiwan will increase to between 80-90% of total Taiwanese purchases.  It was also announced that the new agreement with Taiwan will result in 75% of Taiwan’s total soybean purchases coming from Iowa.

Related:

9/28/18: “Soybean Steve” King Brings Taiwan Trade Partners to Iowa Farms

9/26/18: King Does It Again! Taiwan Agrees to 30% Increase in U.S. Soybean Purchases

9/15/17: King Gives “Thumbs Up!” to $2.8 Billion Agriculture Deal with Taiwan

9/13/17: King Persuades Taiwan to Buy $2.8 Billion of Corn, Soybeans, Wheat

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