China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April — the latest

Logistics firm Flexport reports that liners are slashing their China-to-U.S. carrying capacity at a faster rate than they did at the start of the pandemic.

Brazil accounted for more than 70 percent of soy exports to China last year and Trump’s trade war could allow it to solidify its market dominance.