US tilting at windmills to reduce deficit

The US' tariff war is getting nastier by the day. While China has been forced to take countermeasures against the US tariffs, the question is: How long can this internecine tariff war continue, especially when other countries are willing to offer their products at the same or relatively low prices?

When China retaliated by imposing tariffs on US farm products, it sent a signal it was targeting US' agricultural sector. Notably, US agricultural exports enjoy an unfair advantage because of the subsidies the agricultural sector gets in violation of the World Trade Organization rules. But in the wake of a trade war, the subsidies have become a liability for the US. The retaliatory tariff imposed by China on soybean imports would surely cause huge losses to the US farm sector raising doubts about its viability.

Farm subsidies have to scrapped