Congress just slapped China across the face. Might Xi Jinping reneg on Liu He's mini-deal, then?
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Some have used the trade war to attack Trump politically, touting their free trade bonafides. They are mostly against tariffs, all the while forgetting that China is not a free trade economy. The problem with his argument is that no one is stopping China from buying soybeans, except for Xi himself. The U.S. has not stopped buying Chinese widgets because they cost 25% more at the port. But China has basically sanctioned the purchase of key farm commodities, and soybeans are getting crushed, pun intended.
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