00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump reunited trade taxes with China on Tuesday,
00:05sending major U.S. indexes lower, while soybean-related stocks rallied, according to Benzinga.
00:10Trump accused China and True Social of committing an economically hostile act
00:14by halting soybean purchases and said the U.S. may terminate business with China,
00:19involving cooking oil and other trade areas as retribution.
00:22The post came days after Trump threatened 100% tariffs on all Chinese goods,
00:26then softened his stance before reversing again.
00:28The president needs concerns on Monday by downplaying taxes with China,
00:31prompting markets to rally.
00:33The S&P 500 fell 0.16%, and the NASDAQ 100 dropped 0.76% after the remarks.
00:39Agricultural stocks like Origin Agritech, Arcadia Biosciences,
00:44and Australian oilseed surged in extended trading.
00:47For all things money, visit Benzinga.com.
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