Trump Trade War Divides Farming World as China Demand Shifts
Soybeans have become something of a poster child for the U.S.-China trade war, with everyone from Treasury Secretary Steven Mnuchin to President Donald Trump opining on the humble oilseed. But the tariffs are also sparking some little-known consequences, report Shruti Singh and Tatiana Freitas on Bloomberg.com.
One of the biggest impacts of China’s 25% duties against American soy shipments is the divergence of price trends between the U.S. and rival exporters in South America. With a volatile trade environment, no one is sure how long that trend will last. Uncertainty for farmers is ramping up as growers in the Northern Hemisphere are starting to collect this year’s massive crop, while those in the south are beginning to think about planting their next one.