soybeans

Farmers endure another crushing week as Trump trade war drags on

A soybean farmer in Baskerville, Va. Photo:Melina Mara/The Washington Post via Getty Images

Farmers were hit with a trio of ominous news this week as the trade war with China pushes on with no signs of a deal on the horizon, Bloomberg reports.

Expert Voices

Truce extension likely as U.S.–China trade deadline looms

As the Trump administration’s March 1 deadline for a trade deal with China approaches, with another Xi–Trump summit to follow, it seems almost impossible that a comprehensive agreement will be reached in time. The likely outcome is a punt that defers tariff increases in exchange for ongoing Chinese purchases of U.S. soy and energy.

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