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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChina strikes at U.S. farming as soybeans enter trade war
China strikes at U.S. farming as soybeans enter trade warBy Alfred Cang, Phoebe Sedgman, Niu Shuping | Bloomberg
Soybeans have finally entered the U.S.-China trade war.
Chinas Ministry of Commerce on Wednesday said it plans to impose 25 percent duties on imports of the commodity in addition to other U.S. agricultural produce including wheat, corn, cotton, sorghum, tobacco and beef. Theyre among 106 products ranging from aircraft to chemicals targeted by Beijing in retaliation against proposed American duties on its high-tech goods.
Chinas response carries both economic and political weight as agricultural states are major supporting regions for Trump, said Monica Tu, an analyst at Shanghai JC Intelligence Co. The tariffs on U.S. imports including soybeans is Chinas response that matches the scale of proposed U.S. tariffs.
Soybeans on the Chicago Board of Trade dropped as much as 5.3 percent, while wheat and corn futures also slid.
https://www.mercurynews.com/2018/04/04/china-strikes-at-u-s-farming-as-soybeans-enter-trade-war-1/
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China strikes at U.S. farming as soybeans enter trade war (Original Post)
workinclasszero
Apr 2018
OP
dalton99a
(81,516 posts)1. Rural voters got what they voted for.
workinclasszero
(28,270 posts)2. No worries farmers
dalton99a
(81,516 posts)3. And a Farm Aid concert by Ted Nugent
That ought to do it
workinclasszero
(28,270 posts)4. LOL
rock
(13,218 posts)6. And fix it good!
spanone
(135,844 posts)5. so much winning.