Retaliation Against China The market rumor is that China is inquiring about U.S. soybeans, and it better be or else. President Trump and economic advisor Larry Kudlow have been warning that China has not been living up to a commitment to buy U.S. agricultural commodities. This is seen as a betrayal following the White House relaxation on some of its controls on Chinese tech company Huawei. To quote Mr. Kudlow, “In return for no additional tariffs and in return for a little opening with Huawei – not national security sales, but general sales – we expect – I want to emphasize this – we expect China to be buying some U.S. farm products.” Look for retaliation if Beijing continues to stiff the Trump administr...

TAGS – North America, China, Europe