Brief by Shorts91NewsDesk / 02:16pm on 09 Apr 2025,Wednesday International
In a sharp rebuttal to President Trump’s latest tariff hikes—over 100% on Chinese imports and 20% on EU goods—both China and the European Union are leveraging tariffs on U.S. soybeans to strike at the heart of American agricultural exports. China has imposed a 34% tariff, diverting purchases to Brazil, while the EU, once a growing market for U.S. soybeans, is now retaliating in kind. This move is a calculated economic counterstrike aimed at rural American voters, who form a critical base of support for Trump ahead of the 2024 elections. (PC: AFP)
