Wisconsin Soybean Farmers About To Lose More Money To Tariff Battle

One of the main U-S crops affected by new foreign tariffs will be soybeans.  China retaliated against tariffs imposed by the Trump administration with its own tariffs on 34-billion dollars worth of American products.  Wisconsin soybean farmers face more losses in a market already putting many of them out of business.  Low prices for dairy and corn are already hitting the state’s agriculture hard.  Some farmers say the short-term effect of the tariff battle will be harsh, but the long-term effect could be good for all trading partners.  If China doesn’t back away from its plan, India and most of Europe will likely pick up the slack.