The commodity complex continues to struggle on the heels of intensifying trade wars between the world’s two largest economies: the United States and China. On Tuesday President Trump released a list of Chinese goods valued at $200B that may be subject to a new 10% tariff. This follows the $50B in tariffs announced in June, and the subsequent $34B in retaliatory tariffs announced by China. While the new list includes many manufactured products such as water boilers and airplane tires, it also includes a number of raw commodities, including cotton, steel, aluminum, and agricultural products such as orange juice. The ... (full story)