China is typically the destination for over a quarter of the U.S. soybean harvest. Now, U.S. farmers have a choice between selling at lower prices domestically or storing crops in hopes of a trade deal.
The last six months of shifting import policy have created a lot of uncertainty, which will continue as the Supreme Court weighs in on the tariffs’ legality.
They aren’t just worried about upsetting their customers. Many face a number of other obstacles to raising prices, even as their costs have increased this year.
From the BBC World Service: President Donald Trump is calling on the European Union to hit China and India — two major buyers of Russian oil — with tariffs of up to 100%.
Demand to lease industrial spaces — meaning warehouses that store everything from car parts to construction materials — shrank by 11.3 million square feet in the second quarter of 2025.