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Tidbits, Trade Wars, Rice, GDP, Tools Update 4/21/24

Highlights


Water rationing is becoming more frequent in the Corn Belt. On Friday, the Poweshiek Water Association, one county west of Iowa City, issued that crop sprayers cannot be filled from its rural water system until further notice. Thanks Josh for this.  https://www.poweshiekwater.com

  

There is a rising tide of protectionism threatening to become a full-blown trade war between China and Europe, the head of a European business lobby group warned Friday.

 

Biden’s threat to raise tariffs on Chinese products this past week is bringing the world a step closer to a trade war. On Friday, China slapped a 43.5% tariff beginning immediately on imports of propionic acid from the US widely used in food, feed, pesticides and medical fields, amid heightened tensions.

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