US Farmers Take A Beating From Trump's Trade War With China
- 6 years ago
According to Business Insider, US soybean farmers are bearing the brunt of Trump's trade war with China.
China, the world's largest soybean buyer, has turned its attention to Brazil for the oilseed this year, leaving US farmers with large inventories they are struggling to sell.
China has slapped 25% tariffs on US soybeans, and commodities analyst Michael Magdovitz says “US soybean farmers will suffer from the trade war.