Iran Tariff Could Renew Trade Tensions with China

President Trump has imposed a new 25 percent tariff on countries that do business with Iran. China would be on that list. That would move the current 20 percent tariff on goods from China to 45 percent. This action comes at a time when China is close to fulfilling its 12 million metric ton soybean purchase obligations with the United States. Sales have been announced, but few actual shipments have happened yet.