Before making the trip to China to discuss the trade dispute, Commerce Secretary Wilbur Ross spoke at a conference in California. Ross downplayed the impact a trade war would have on agriculture. Ross said there are no simple answers but emphasized it would hurt China if it would impose tariffs on U.S. soybeans because it would drive up the price worldwide. “It is not to say there wouldn’t be any pain if we get into tit-for-tat; there will be, but the idea that it will be some sort of Armageddon and everything will be horrible is simply not true.”
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