Archive for the Wall Street Journal Tag
Wall Street Journal: The Trade War’s First Casualties
On June 23rd, the Wall Street Journal reported "investors are likely to get hit before the U.S. and Chinese economies feel the pain, meaning the trade feud could escalate."
"The U.S. has already put tariffs on steel and aluminum and will add a 25% tariff on $50 billion in Chinese imports starting next month. China is matching the U.S. tariff for tariff. These actions have sent U.S. steel prices higher and U.S. soybean prices lower."
In January 2018, a bushel of soybeans were priced at $9.60, in March $10.75, and on June 23rd, $8.80
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