American and Chinese flags on crumpled paper, diplomatic crisis

Terrible trade wars erupting

Prime Cuts with Steve Kay

Free trade is the lifeblood of the global economy. From the very first evidence of trading, regions of the world and then individual countries have bought and sold goods from each other. Countries increasingly realized the importance of such agreements, not just for the economic benefits for the countries involved but for the societal benefits […] Read more


China brought in 600,000 tonnes of barley in July, down 16.2 percent from the previous year.  Photo: Thinkstock

China’s July grain imports plunge as tariffs on U.S. supplies bite

Beijing | Reuters – China’s grain imports plunged in July after Beijing imposed hefty tariffs on shipments from the United States as part of its trade conflict and as rising international prices curbed buying, customs data showed on Thursday. China brought in 220,000 tonnes of sorghum in July, down 62.5 percent from 588,364 tonnes a year ago, data from […] Read more

Tariffs from both trading nations took effect amid mid-level talks in Washington.  Photo: claffra/iStock/Getty Images

U.S.-China talks on trade war resume as new tariffs kick in

Beijing/Washington | Reuters – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products […] Read more


(Stephen Ausmus photo courtesy ARS/USDA)

Wheat trade hoping for big export year

CNS Canada –– Canadian wheat growers could find themselves popular with international buyers this winter, as world wheat stocks hit lows not seen for a decade. Marlene Boersch, managing partner at Mercantile Consulting Venture, said the present 26-day wheat supply available to world markets, once China’s stockpiles are removed from the equation, should boost prices […] Read more

(Deyana Robova photo/iStock/Getty Images)

U.S. livestock: CME lean hogs sag on uncertainty over trade talks

Chicago | Reuters –– U.S. hog futures sagged on Wednesday for a third straight session on a perceived lack of progress in U.S. trade negotiations with key pork consumers China and Mexico, traders said. CME Group live cattle futures followed hogs lower, with burdensome supplies adding pressure. Most-active CME October lean hog futures settled down […] Read more