American soybean growers have urged the White House to rapidly conclude the trade talks withChina, in response to the announcement from President Donald Trump on Sunday that he would raise tariffs on imports fromChina.
President Trump's announcement, which was made on Twitter, said the 10 percent tariff currently on 200 billion U.S. dollars' worth of goods fromChinawould rise to 25 percent on May 10. He also announced plans to tax an additional 325 billion U.S. dollars' worth of imports with a 25 percent tariff.