Soybean group in US calls for trade sense

A lobbying group for the US soybean industry urged the White House on Wednesday to engage Beijing in a more pragmatic manner to avoid economic harm to farmers, as analysts warned of the economic and political implications of the country's escalating trade standoff with China.

Soybeans, the largest US agricultural export to China, is one of 106 US products on which Beijing considered imposing an additional 25 percent tariff.

The move was announced early on Wednesday following the Trump administration's proposed tariffs on $50 billion worth of Chinese products.