Steel and aluminium are weighing on US farmers’ minds after the US decision to impose tariffs on steel and aluminium imports.
“Grain market traders continue to try and make sense of the new Trump tariffs on steel and aluminium and what they could mean for agriculture,” said commodity brokers Allendale.
With China being the biggest buyer of US soyabeans — accounting for about 60 per cent of total exports — the American Soybean Association has expressed concerns about a potential trade war, requesting a meeting with the President on Monday.
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