NBC News (June 25)
“The Trump Administration’s trade war is starting to have real impacts on farmers who grow everything from corn to cotton.” Soybeans look set to bear much of the economic pain. “Soybeans were the nation’s largest agricultural export in 2017 and China was the biggest buyer, purchasing 57 percent of the total. But since China announced the tariff, the price of soybeans has fallen by roughly 15 percent to a more than two-year low.”
Forbes (June 24)
“While Trump and some in the White House argue that China has much more to lose in a trade war than does the United States, they may be underestimating Xi’s resolve to appear unwavering in the face of attacks from China’s main economic rival, the United States.”
Tags: China, Lose, Resolve, Rival, Trade war, Trump, U.S., Underestimating, Unwavering, White House, Xi
