Latest Soybean farming News

Trump's tariffs: What they are and how China is responding

Jun. 15, 2018 8:17 PM EDT

WASHINGTON (AP) — President Donald Trump just imposed tariffs on hundreds of Chinese products — from X-ray tubes to incinerators. And Beijing is striking back by targeting U.S. soybeans, beef, seafood and other products. The punch-and-counterpunch announced Friday in Washington and Beijing moved the...

A trade war looms as Trump slaps tariffs on Chinese imports

Jun. 15, 2018 4:39 PM EDT

WASHINGTON (AP) — President Donald Trump brought the world's two biggest economies to the brink of a trade war Friday by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6. Beijing quickly responded that it would retaliate with penalties of the same scale on...

Trump approves plan to impose tough China tariffs

Jun. 14, 2018 9:33 PM EDT

WASHINGTON (AP) — President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed to...

Letter: Tennessee farmers urge House reps to oppose tariffs

Jun. 12, 2018 3:56 PM EDT

NASHVILLE, Tenn. (AP) — Dozens of Tennessee farmers have urged the state's U.S. House delegation to oppose President Donald Trump's steel and aluminum tariffs, saying they worry the fallout will cripple the rural state's agriculture. In their open letter Monday, 42 farmers wrote that the tariffs would...

Bayer selling $9B in ag business ahead of Monsanto merger

May. 29, 2018 6:30 PM EDT

WASHINGTON (AP) — German pharmaceutical giant Bayer AG has agreed to the U.S. government's demand that it sell about $9 billion in agriculture businesses as the condition for acquiring Monsanto Co., a U.S. seed and weed-killer maker. Antitrust regulators at the Justice Department say it's the biggest...

China cutting US soybean purchases in face of tariffs threat

May. 9, 2018 2:25 AM EDT

WASHINGTON (AP) — With the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, a trend that could deal a blow to American farmers if it continues. At the same time, farmers in China are being encouraged to plant more soy,...