This week the United States and China inched closer to what some are calling “the next cold war.” This one is a war on trade. Following an announcement of a proposed $50 billion menu of tariffs against China, Chinese officials announced a proposal for their own matching menu of tariffs. Unsurprisingly to the agriculture community, several farm products are on the list including soybeans, pork, corn, wheat, cotton and beef. When questioned about the impact this potential trade war could have on farmers, Agriculture Secretary Sonny Perdue said agriculture is ready for the fight. –Drovers CattleNetwork Read more…
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