Economics
Oil, Beans and Steel: How Trade Wars Will Redraw Global Commerce
- Tariffs, sanctions already roiling biggest commodity markets
- Cargoes diverted, projects in doubt as nations erect barriers
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The U.S. and China fired their biggest shots yet in the escalating global trade wars, slapping tariffs on everything from soybeans to pork to nuclear reactors. The new barriers, combined with tougher U.S. sanctions on Iran and Venezuela, are threatening to upend trade routes carrying trillions of dollars of commodities annually.
Following is a series of stories looking at the key issues and likely impact of the changes in trading policy.