US soybean growers in crosshairs of US-China trade spat

US soybean growers in crosshairs of US-China trade spatAmerican soybean producers could be big losers if Beijing follows through on plans to impose tariffs on the commodity in retaliation for President Donald Trump’s trade crackdown. China is the biggest buyer of US soybeans, ordering about $12 billion worth of the crop in 2017, or about 30 percent of US production. Beijing announced early Wednesday that it plans to impose levies on $50 billion worth of US exports.


Source: Yahoo! News