President Trump announced another extension on additional tariffs, giving China another 90 days to figure out a deal.
He signed the executive order last night, noting all other details surrounding China will stay the same. This puts the timeline out to early November. Treasury Secretary Scott Bessent says talks with China have been difficult, and says the country has the most imbalanced economy in the history of the modern world.
The 90-day delay came just hours after President Trump encouraged China to buy more American soybeans, which sent beans to a two-week high.
Related Stories
Mike Steenhoek with the Soy Transportation Coalition joins us to discuss the proposed federal gas tax suspension, fuel cost pressures, and what the policy could mean for agriculture and transportation.
China’s soybean buying is shifting hard toward Brazil, leaving U.S. shipments at risk of slowing as South America’s record crop reaches export channels
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
President Trump and Treasury Secretary Scott Bessent are expected to discuss commodities, trade and regional stability during meetings in Asia.
Economists say geopolitical headlines and concerns surrounding the Strait of Hormuz are driving volatility
