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China Trade War Hurts SD Soybean Farmers and Consumers

Jul 11, 2018

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Video: China Trade War Hurts SD Soybean Farmers and Consumers

The trade war between the United States and China continues to escalate. The 25-percent tariff on U.S. soybean imports was set to go into effect July 6, but even before that the uncertainty caused soybean prices to drop over $1.50 per bushel because China is the top export customer for U.S. beans. Michelle Rook looks at the short term and long term impact of the trade war on farmers and consumers.