Farmer Terry Davidson walks through his soy fields in Harvard, Ill. Soybean prices have fallen this summer — a process that started even before the U.S. and China hit each other with tariffs in early July.
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President Trump had called for wide-ranging restrictions on Chinese investment in U.S. companies. But after months of deliberation, the administration has opted to rely on a case-by-case review instead.
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Treasury Secretary Steven Mnuchin (center left) and Commerce Secretary Wilbur Ross (center right) walk through a hotel lobby as they head to a state guest house to meet Chinese officials in Beijing on Friday. The talks included a "thorough exchange of views," Chinese media report.
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In this photo released by Xinhua News Agency, Chinese President Xi Jinping delivers his opening speech at the Boao Forum for Asia Annual Conference in Boao in south China's Hainan province, on Tuesday.
Traders and financial professionals work on the floor of the New York Stock Exchange ahead of the opening bell. Investors' worries about a trade war increased Wednesday after China announced plans to retaliate against U.S. tariffs.
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China currently buys nearly a third of the U.S. soybean crop — but the country plans to impose tariffs, in response to a Trump administration plan. Here, a worker takes a sample from a truckload of soybeans in Fargo, N.D., last December.
Trader Fran O'Connell works on the floor of the New York Stock Exchange. The Dow Jones industrial average rebounded sharply on Monday following a report of U.S.-China trade talks.
A farmer harvests his soybean crops near Farmingdale, Ill. Because China is major importer of America's soybeans, the sector is one predicted target for tariff retaliation.