Via Economic Policy Journal

This is a developing story. Return to this post for updates.


The tariff freak is at it again.

President Trump has just tweeted out:


Trade wars are just idiotic. Instituting tariffs only hurt consumers and retaliatory tariffs result in hurting businesses as well.


U.S. soybean exports to China, the world’s biggest market, slumped in the first half to the lowest level in more than a decade.

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China imported 614,806 tons of soybeans from the U.S. in June, according to customs data. That brought first half imports to 5.9 million tons, the lowest half-year level since at least 2004, according to Bloomberg.