AGRICULTURE/CHINA/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump on Monday [4-9-18] promised relief to U.S. farmers caught up in his administration’s burgeoning trade dispute with China…China last week said it would levy penalties on U.S. soybeans, sorghum and other agricultural products, hours after the Trump administration unveiled plans to impose tariffs of 25% on Chinese products worth $50 billion. After China retaliated, the president then threatened a major escalation in trade tensions by saying he was considering tariffs on an additional $100 billion in imports from China. The president has asked the Agriculture Department for a list of options to mitigate China’s ‘attack’ on farmers, White House press secretary Sarah Huckabee Sanders said later on Monday.”
– Michael C. Bender, “Trump Acknowledges Farmers to Feel Impact From China Trade Actions,” The Wall Street Journal, April 9, 2018 5:44 pm