Phoney Trade War In September 1939, Hitler’s army imposed the infamous blitzkrieg attack on Poland and, with the complicity of the Soviet Union, the nation was completely subdued in just over a month. Historically it is known as the start of WWII, but because a half-year passed before Hitler took any other actions, pacifists said the quiet period after the invasion proved it was just a “phoney war.” Now the Trump Administration has published a report noting that it has granted nearly 1,000 exemptions to its punitive tariffs on Chinese goods, and it will exclude at least 30 products from Section 301 restrictions. The Wall Street Journal reports that the White House has granted 75 percent of the requests it has received to...

TAGS – Farm Inputs, China, Europe, North America, Macroeconomics