World Perspectives

China Plays Offense; EU Plays Offense

China Plays Offense We discussed on Friday the worsening outlook for U.S. – China relations and today Beijing one-upped the Trump Administration. President Trump had been mulling whether to cancel the Phase One trade agreement and Beijing responded that he doesn’t have to if they do it for him. By taking the initiative themselves, they can frame Mr. Trump as impossible to work with and hope that by taking a side in the upcoming U.S. election, they can get a leader in Washington that is easier and less mercurial with which to negotiate. Agricultural markets will sink tremendously regardless of which side does the cancelling. The Trump Administration would likely retaliate with higher tariffs on Chinese goods but that also risks...

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Memorial Day Holiday

Monday, 26 May is a U.S. holiday, the markets and our office will be closed. Please note that the next Ag Perspectives will be published on Tuesday, 27 May. The WPI staff hopes everyone has a good weekend...

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