After China and the United States’ tit-for-tat tariffs officially went into effect on July 6, China’s investors are not optimistic.
China’s soymeal futures fell more than 2 percent on the afternoon of July 6—though most of those losses were recovered amid initial market confusion over whether Beijing had actually implemented the tariffs, which it later confirmed it had. China’s tariffs target American agricultural goods such as soybeans, wheat, sorghum, and fruits—threatening U.S. farmers in states that backed Trump in the 2016 U.S. election, such as Texas and Iowa.
