China, the world’s largest soybean consumer, now gets most of its supply from Brazil, but securing a new trade deal with the US could protect American farmers’ interests.

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Chinese exports to the rest of the world grew 5.

A flurry of activity reveals how Beijing is prepared to act swiftly and forcefully in an intensified diplomatic and trade standoff with Trump, analysts said.