Chinese Subsidies Soar, Sales of Their Stockpiles Loom
On September 13, U.S. trade officials announced that the United States was targeting China in an international trade case over the legality of its rice, corn, and wheat subsidies. The U.S. agricultural community cheered, as U.S. negotiators showed a desire to start rooting out the trade-distorting policies that are so manipulating world commodity markets.