For all its economic might, China hasn’t been able to solve a crucial problem.
Soybeans. It just can’t grow enough of them.
The New York Timesreports that could blunt the impact of one of the biggest weapons the country wields in a trade fight with the United States.
Soy-producing states like Iowa and Illinois might not feel the tariffs’ impact right away. China buys so much soy from the United States — $14 billion last year — that it can hardly switch to new suppliers overnight.
Read the full reporthere.
