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Maroc Maroc - WN.COM - Science - 21/Oct 07:37

Soybeans have become the new frontier in US-China trade wars

As trade tensions between the US and China continue with more and more measures from the two sides, soybeans have become a new frontier in the trade wars. The escalating trade tensions between the two countries have increased risk perception in global markets, affecting commodity prices. China recently introduced additional measures to restrict the export of rare earth elements, and in return, US President Donald Trump announced that he will impose a 100% tariff on top of the already existing rate on Beijing effective Nov. 1, as well as imposing export controls on all...

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