Midwest soybean farmers brace for impact of trade war

Soybean growers in the Midwest are caught in the middle of an escalating trade war between the U.S. and China. China retaliated against the Trump administration’s tariffs on Chinese products Friday by imposing $34 billion in tariffs on hundreds of American goods, including soybeans. Analysts say the added expense of China’s 25 percent tariff on U.S. soybeans will effectively block the product from entering the Chinese market.