Trade wars start to impact U.S. soybean market

On July 7, the U.S. government placed tariffs on $34 billion worth of Chinese imports. China responded swiftly, adding $16 billion worth of tariffs on U.S. imports, which are scheduled to take effect over the next two weeks.

According to the American Soybean Association (ASA), in 2017, China was overwhelmingly the world’s largest U.S. soybean […]