US and China agree to reopen trade talks in October

Investors welcome news but remain cautious while Trump shows little sign of ceding The US and China have agreed to reopen trade talks next month as concerns grow that the tariff war between the worlds two largest economies could 2020 presidential election campaign. The president recently hailed his very successful trade battle with China, and said he did not want the US to be servants to the Chinese. Mark Haefele, the global chief investment officer at UBS Wealth Management, said: Locking down a date for high-level talks is a positive step, and is in line with our expectations for continued talks as both sides try to avoid significantly increasing tariffs. However, we still dont expect a deal to be reached …

Epic floods and trade wars the US farmers battered by politics and climate

The weather is wild, the tariffs are rising, and as frustration ripples through the Iowa corn fields, rural America is ready to confront its 2020 candidates Aaron Heley Lehman listened to the rain tap his window pane in the machine shed for two weeks, wondering when he would ever finish planting corn on his central Iowa farm, and watched the markets tank as Donald Trump blustered on in his trade war with China. Five inches of rain fell. Just one day in two weeks without rain. Another weeks worth might be on the way. And soybeans are down $2.50 per bushel since the farmers friend in the red MAGA cap assumed the presidency, at least a buck-per-bushel below break-even for …