Tariffs on China in effect today; they clap back with their own

New tariffs are in effect in China today.

President Trump has added a 10 percent tariff to all imports. Overnight, China hit back with a 10-15 percent tax on all U.S. farm machinery, oil, coal, and liquid natural gas.

So far, the soybean market seems to be shrugging it off.

The tariffs take effect on February 10th.

Related Stories
Coal-based ethanol could weaken long-term export demand for corn-based fuels.
Strong corn and China-driven demand support the pace of U.S. grain exports. RealAg Radio host Shaun Haney discusses Canada-China agricultural trade talks.
Tight global supply is likely to keep fuel and fertilizer costs elevated.
Improving dairy prices could support stronger milk checks later this year.
The sugar policy debate affects prices, trade, and farm stability.
Cattle producers face mounting pressure as U.S.-Mexico trade talks resume, but expanding drought, rising input costs, and policy work to improve the long-term industry outlook.

LATEST STORIES BY THIS AUTHOR:

Faren Rachels is a Georgia-native who made the move to Music City. She has opened for some of the biggest names in music, from Luke Combs to Willie Nelson, and her songs have been recorded from many of today’s artists.
In part six of his blog series,"Top 10 Developments in Ag Law and Tax in 2023,” farm legal expert Roger McEowen tackles issue #2, foreign ownership of ag land.
In part five of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number three, California’s Prop 12 pork regulations.
In part four of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number four, the Employment Retention Credit.
In part three of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen covers the Corps of Engineers’ mismanagement of Missouri River water levels.