China hits back in trade war by raising tariffs on US goods China has hit back against the US as the trade war between the world's largest economies escalates. (Subscribe: bit.ly/C4_News_Subscri be) Donald ...
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Farmers are impatient with Trump's China trade war having stood behind him to get a better Beijing deal but after weeks of Trump's statements and his administration, he escalated tariffs on $200 billion of Chinese goods last week, opening the door to even more, prompting Beijing to hit back Monday by raising the rate on $60 billion of US items. Beijing pledged to restart buying American soybeans but purchases made haven't made up for last year's loss. China was the biggest export market for US soybeans. Trade tensions weigh on farmers, making it difficult to plan for the future. Purdue survey: 22% of farmers stated it was a "good time" to make large farm investments. Wheat, soybean and corn grower industry groups put out a joint statement expressing their opposition to Trump's move to escalate tariffs. The three commodities represent 171 million acre of farmland in the United States.
At www.cnn.com
