President Donald Trump announced yesterday that the US would be imposing tariffs on approximately US$50 billion worth of Chinese imports. China had since then announced their list of items/products that may be taxed which is imported from the US including pork, apples and steel amongst other things. There’s been speculation over the past month that China would also impose import tariffs on US soybeans, if the US proceeded with this trade action. International grain prices have taken a heavy hit this morning because of this trade war threat.
Published on Monday, 26th March 2018 - 11:30