Editor’s Note: This story originally published on August 30, 2018.
One of China’s major moves in the trade war with the United States is in danger of backfiring on its own farmers.
They’re facing a potential shortage of soybeans, one of China’s biggest imports from the United States, after Beijing slapped a 25% tariff on them last month in retaliation for US tariffs on a swath of Chinese goods.
American farmers, who sold more than $12 billion worth of soybeans to China last year, have spoken out repeatedly about the threat to their livelihood. But the new tariff is causing problems in China, too.