Frozen out of China, American farmers refuse to sell their soybeans

Credit: WorldNews- Published on November 13, 2018
Caught smack in the middle of the U.S.-China trade war, America's soybean farmers are taking a huge gamble. Rather than selling the crop right away as they pull it out of the ground -- as they do almost every harvest season to pay the bills -- they are instead stashing it in silos, containers, bins, bags, whatever they can get...
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Credit: Wochit Business
Published on November 15, 2018 -  00:40
US Farmers Take A Beating From Trump's Trade War With China
According to Business Insider, US soybean farmers are bearing the brunt of Trump's trade war with China. China, the world's largest soybean buyer, has turned its attention to Brazil for the oilseed this year, leaving US farmers with large inventories they are struggling to sell. China has slapped 25% tariffs on US soybeans, and commodities analyst Michael Magdovitz says “US soybean farmers will suffer from the trade war.

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