Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 9/26/18

The economic conflict with China is set to escalate as new US tariffs on as much as $200 billion of Chinese goods go into effect this week (Paletta and Lynch, Sep. 15, 2018).  President Trump reportedly views the tariff conflict as a mechanism for forcing China to negotiate over a variety of issues of concern for American exporters(Lynch, Sep. 13, 2018). Agricultural markets have seen rapid drops in corn, sorghum and soybean prices as tariffs have become operational (farmdoc daily, July 31, 2018). The tariff has already affected quantities and values of US grain and oilseed exports (farmdoc daily, August 16, 2018).  

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