In May, China responded to Trump’s trade war provocations by halting imports of U.S.-grown soybeans, turning to Brazilian and Argentinian suppliers. Given that just over half of all American soybeans produced in 2024 were destined for China, the resultant cratering of demand was “a massive shock to our markets,” a University of Nebraska agricultural economics professor told ABC News. “I hope China will quickly quadruple its soybean orders,” Trump posted...
Back during the end of history, Thomas Friedman presented his “Golden Arches Theory of Conflict Prevention” in a 1996 New York Times op-ed. As he put it, “no two countries that both have a McDonald’s have ever fought a war against each other.” There was “no question,” he declared, that McDonald’s “is part of this worldwide phenomenon of countries integrating with the global economy and submitting to its rules.” Today,...