Day: April 5, 2018

Tess Torelli April 5, 2018

Beijing’s decision to target U.S. soybeans in its new tariffs is a political maneuver designed to hit President Donald Trump’s support base, according to Jim Sutter, CEO of the U.S. Soybean Export Council. The world’s second-largest economy, announced on Wednesday a 25 percent levy on $50 billion in U.S. imports, including soybeans, corn, aircraft, cars […]

Tess Torelli April 5, 2018

To be clear, some farmers support Trump’s strategy to hold China accountable on trade issues due to national security concerns but also worry about unintended consequences and the long-term impact it might have on access to China, a lucrative market with a growing middle class that is demanding more food. At the same time, it […]

Tess Torelli April 5, 2018

U.S. stocks reversed early losses overnight, which had come after China unveiled plans for additional tariffs on 106 U.S. products on Wednesday, as overtures were made regarding potential negotiation between the two countries. “No date has been set for the proposed tariffs put forward by China or the U.S., meaning we could see uncertainty continue […]

Tess Torelli April 5, 2018

New orders for U.S.-made goods rebounded in February, boosted by strong demand for transportation equipment and a range of other products, pointing to a strengthening manufacturing sector. Factory goods orders increased 1.2 percent, nearly unwinding January’s revised 1.3 percent decline, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast factory orders rising […]