U.S. trade | St. Louis Public Radio

U.S. trade

Rici Hoffarth | St. Louis Public Radio

Soybean growers in the Midwest are caught in the middle of an escalating trade war between the U.S. and China.

China retaliated against the Trump administration’s tariffs on Chinese products Friday by imposing $34 billion in tariffs on hundreds of American goods, including soybeans. Analysts say the added expense of China’s 25 percent tariff on U.S. soybeans will effectively block the product from entering the Chinese market.

Friday is the deadline for U.S.-China trade talks. If they fail and China's 25-percent tariff on soybeans goes into effect, Missouri farmers will feel the impact.
jasonippolito | Flickr

Soybean farmers across the Midwest are on the frontlines of a looming trade war between the U.S. and China. The first shots could be fired this week if negotiations fail.

Each country is prepared to impose $34 billion in tariffs on the other’s exports if no agreement is reached by the July 6 deadline.