International trade war could make its way to Delaware farms


An international trade war may make its way to Delaware. Last week, President Donald Trump announced a new tariff on steel and aluminum imports, targeting industries dominated by China in recent years. According to The Wall Street Journal, China may respond by curbing imports of soybeans. Last year China bought $12.4 billion of American soybeans to feed its pigs, the main meat staple in the country. Analysts say strong Chinese yuan, along with record soy crops in Brazil both leave Delaware soybean farmers exposed to lower soy prices this year. In 2017 Delaware farmers produced record volumes of soy, totaling $74 million in sales.