Why Trump’s trade war will cause chaos
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wasnow $29 per 3 months
The new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.
ONE OF THE many legacies of Donald Trump’s first trade war with China is that pigs in the country now have a more varied diet. In response to Mr Trump’s tariffs on Chinese goods in 2018, China imposed a 25% levy on American farm products. That included soyabeans,
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By Matthieu Favas, Commodities editor, The Economist
FOR MUCH of 2024 commodity prices were driven by low demand. America slowed down and economic woes worsened in China, the world’s biggest importer of raw materials. So prices for everything from coal and cobalt to natural gas are lingering at levels that prevailed before Russia’s invasion of Ukraine in 2022.
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One of President-elect Donald Trump’s biggest campaign promises — asserting sweeping tariffs on imports coming to the U.S., with higher sanctions on goods from China — could have unintended consequences for Kansas’ economy, experts say.
The escalating trade war that could result from the tariffs would likely spell economic uncertainty in the years to come,