U.S. soy subsidies will cause lasting damage to industry

By Bruce Burnett – The Western Producer

Nothing illustrates the demise of world trade agreements more than the recent dispute between the United States and China.

The tariffs issued by both countries are considered to be illegal by current World Trade Organization rules, but no one is concerned. That’s because the WTO agreement is essentially dead and buried.

As a result, trade disputes in the future are going to be subject only to bilateral trade agreements.