U.S. Agriculture Taking a Toll From China
Nightly Business Report – Stephen Nicholson – August 7, 2019
Rabobank Senior Grains & Oilseeds Analyst Stephen Nicholson appeared on CNBC’s Nightly Business Report to explain how the escalating trade war with China is affecting U.S. farmers. The announcement that China is suspending all U.S. agricultural imports is going to put a lot more downward pressure on prices going forward, he says. While government subsidies will help, it will not make up for the loss of a whole market.