CNN: Farmers who voted Trump will pay the tariff account – at risk of soy production

US President Donald Trump imposed additional duties of 145% on all Chinese imports, despite the fact that last week he had frozen his “reciprocal” duties to all other countries, which constituted a spectacular overthrow. However, China does not retreat, stating that it will “fight to the end” if Trump continues to escalate what is now evolving into a total trade war. On Friday, China also significantly increased its own duties on US products imported into the country. To analyze which country it is possible to do first, CNN has examined China’s most important introduction by the US – soy – to see if and how this demand can be met by other countries, what US farmers and others are in danger. The two countries are closely interconnected commercially, although China exports about triple value products to the US from what it imports. The result is an important commercial deficit of almost 300 […]
Source: News Beast

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