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ECONOMY

Soybeans on Front Line as Trade War Erupts

Soybean oil made from U.S. soybeans goes down a production line at a factory in East China’s Shandong province on Wednesday. Photo: VCG
Soybean oil made from U.S. soybeans goes down a production line at a factory in East China’s Shandong province on Wednesday. Photo: VCG

* Crop was among the $34 billion of U.S. imports that Beijing hit with retaliatory tariffs on Friday

* Tariff appears to take aim at the U.S. Midwest’s soybean-producing states, considered a base of U.S. President Donald Trump’s support

(Beijing) — The long-threatened trade war between the U.S. and China finally became reality on Friday, with Beijing imposing a 25% tariff on U.S. soybean imports — a move likely to cause both countries pain.

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