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Soybeans key point in U.S., China fray; tariffs set to begin Friday

‘Fully prepared’ for trade war, says Beijing

By Compiled by Democrat-Gazette staff from wire reports

This article was published July 4, 2018 at 4:30 a.m.

iowa-farmer-terry-morrison-watches-soybeans-pour-into-his-trailer-at-a-co-op-in-redfield-iowa-in-april-chinese-companies-are-expected-to-cancel-most-of-the-remaining-soybeans-they-have-committed-to-buy-from-the-us-once-an-extra-25-percent-tariff-on-us-imports-takes-effect-friday

Iowa farmer Terry Morrison watches soybeans pour into his trailer at a co-op in Redfield, Iowa, in April. Chinese companies are expected to cancel most of the remaining soybeans they have committed to buy from the U.S. once an extra 25 percent tariff on U.S. imports takes effect Friday.

China said Tuesday it's "fully prepared" for a trade war with the United States as hopes dwindle for a breakthrough in tensions this week between the world's two biggest economies.

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Print Headline: Soybeans key point in U.S., China fray

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Displaying 1 - 6 of 6 total comments

TimberTopper says... July 4, 2018 at 6:02 a.m.

Farmers of America, are you questioning that vote for Trump yet?

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Nodmcm says... July 4, 2018 at 8:20 a.m.

Soybean farmers are going to possibly lose lots of money, but its all for the good of America. Harley-Davidson owners are going to sell their bikes, because they don't want to support a company that turns its back on America just for a few dollars of lost profit. This is a great time for bean farmers and Harley owners to show that their love of America trounces their love of money or motorcycles. What a great opportunity, to show your love of America by getting rid of your Harley or taking huge losses on your farm. Folks who suffer these sort of losses in the name of patriotism are heroes on July 4.

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23cal says... July 4, 2018 at 8:38 a.m.

How much of this WINNING! can Arkansas farmers stand before they wake up?

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RBear says... July 4, 2018 at 8:38 a.m.

ROTFL @ Nodmcm. I seriously doubt Harley owners will sell their bikes. Selling their bikes for patriotism. That's a new twist on MAGA, the new form of government socialism. In the words of one indignant leader, "Qu'ils mangent de la brioche."

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GeneralMac says... July 4, 2018 at 9:50 a.m.

The prices will eventually rebound.

Grain prices are set by supply and demand worldwide.

If China buys from Brazil, we will be selling US beans to the country that those Brazilian soybeans used to go to.

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hurricane46 says... July 4, 2018 at 10 a.m.

I hope the farmers are happy they voted for Herr Drumph, I don’t feel sorry for them at all.

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