Aug 15, 2018

Trump's trade war with China fuels drop in farm prices

Workers transferring sacks of animal feed made from soybeans imported from Brazil at a port in Nantong, China. Photo: AFP via Getty Images

Prices for U.S. agricultural exports plummeted 5.3% in July, driven primarily by a 14.1% decline in soybean prices, according to the Bureau of Labor Statistics.

Why it matters: In 2016, soybeans accounted for 12% of U.S. exports to China, prompting American farmers to ramp up their production. China is now attempting to curb its consumption of soybeans as part of its escalating trade war against the U.S., helping drive the largest single-month drop in farm export prices since October 2011.

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America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 14 hours ago - Health