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U.S. soybean prices down as trade fight escalates

Soybean farming in Dwight, Illinois. Photo: Scott Olson/Getty Images

U.S. soybean prices are down more than 2% Tuesday, reports Business Insider. They fell after President Trump announced a new round of tariffs on $200 billion worth of Chinese goods, spurring fears that Beijing — the biggest consumer of U.S. soybeans — could retaliate by imposing its own tariffs.

The big picture: China has included soybeans and sorghum on previous lists of proposed retaliatory tariffs. It's a political move by Beijing to hit farmers and rural voters in Trump's base.

Go deeper

Marina E. Franco (Noticias Telemundo)
60 mins ago - Economy & Business

Study: Fear of debt keeps Latinos out of college

Illustration: Aïda Amer/Axios

Fear of never being able to pay off school loans is keeping many young Latinos in the U.S. from going to college or completing a degree, according to a report published in September.

State of play: Latinos tend to have more difficulty repaying school debt than white student borrowers, according to Federal Reserve data, at the same time that they need more loans in order to afford tuition.

Go deeper (1 min. read)Arrow
Barak Ravid, author of from Tel Aviv
1 hour ago - World

Scoop: Biden administration objects to Israeli settlements plan

Israeli PM Naftali Bennett (L) meets with Secretary of State Tony Blinken. Photo: Olivier Douliery/Pool/AFP via Getty

The Biden administration has privately protested to the Israeli government over its plan to approve the planning and construction of more than 3,000 new housing units in the Israeli settlements in the occupied West Bank, sources briefed on the issue tell me.

Why it matters: The approvals for new homes in the settlements will be the first since President Biden assumed office, and come after Biden and his top aides personally pressed Israeli Prime Minister Naftali Bennett to restrain settlement activity and decrease the number of new housing units.

Go deeper (1 min. read)Arrow
Zachary Basu
3 hours ago - World

Pentagon warns of ISIS-K capabilities outside Afghanistan

The site of an airstrike conducted by the U.S. against a planner for ISIS-K in Nangarhar province, Afghanistan in August. Photo: Xinhua via Getty Images

U.S. intelligence believes ISIS-K has the "intent" to eventually launch attacks outside of Afghanistan and could be capable of doing so "somewhere between six or 12 months," a top Pentagon official told senators Tuesday.

Why it matters: The U.S. withdrawal and subsequent Taliban takeover of Afghanistan has raised fears that terrorist groups will reconstitute and potentially pose a renewed threat to the U.S. homeland.

Go deeper (<1 min. read)Arrow