U.S. soybean futures climbed on Thursday after U.S. President Donald Trump said the European Union will start buying American supplies right away as China’s higher import duties curb demand.

Expectations of more soybean exports to the EU, as well as the U.S. government’s plan to offer $12 billion in assistance to farmers, are boosting prices, said Wang Ping, an analyst at Soochow Futures Co. “But still, potential growth is limited as EU demand is not big enough,” Wang said.

U.S. soybean exporters have few options other than to target the EU after China imposed an additional 25% tariff on American soy imports. Still, European purchases aren’t likely to make up for reduced Chinese demand. The Asian country is the world’s biggest soybean importer and is forecast to buy more than six times the bloc’s 15.3 million metric tons in 2018-19. Last year, China bought about 33 million tons from the U.S.

Soybeans for November delivery on the Chicago Board of Trade rose as much as 2.2 percent to $8.9525 a bushel, the highest for the most-active contract since July 9, and traded at $8.9275. Futures have tumbled 12 percent since the start of June as a trade spate between the U.S. and China escalated.

China’s tariffs are set to re-shape the global soybean market, with expectations that Brazil will sell more to the country and other buyers will seek U.S. supply. The U.S. government this week announced $12 billion in aid to farmers hit by the burgeoning trade war, including direct payments to farmers, commodity purchases for food-aid programs, and stepped up promotion of new export markets.