Good morning.

Tuesday in Whitewater will see scattered evening thundershowers with a high of 77. Sunrise is 6:14 and sunset is 7:36 for 13 hours 22 minutes of daytime. The moon is a waning crescent with 10.9 percent of its visible disk illuminated.
Whitewater Innovation Center Advisory Panel meets at 8:30 AM and Whitewater’s Public Works Committee meets at 5:15 PM.
On this day in 1988, in a United Nations ceremony in Geneva, Switzerland, the Soviet Union signs an agreement including a pledge to withdraw its troops from Afghanistan.
Someone once said that “trade wars are good, and easy to win.” That same man later called the Iran War a “total and complete victory. 100 percent. No question about it.” (The rational among us do have, in fact, a few questions. See Peter Baker, Trump’s Erratic Behavior and Extreme Comments Revive Mental Health Debate, New York Times, April 13, 2026.)
The consequences of reckless and violent policies are so powerful that they reach from battlefields and boardrooms all the way back to Midwestern soybean famers:
Sweeping tariffs levied by President Donald Trump in April 2025 exacerbated a trade war with China, the top buyer of U.S. soybeans. China responded with retaliatory tariffs and effectively boycotted U.S. soybeans, cutting off a major export market for Midwest farmers and driving the price of soybeans even lower.
“When that was announced and soybean prices basically collapsed, if you could afford to hold on to your beans and wait for better times, you were OK,” said Mike Cerny, a soybean and winter wheat corn farmer in Sharon, Wisconsin. “If you had a mortgage due or payments due or cash flow needs and you had to sell at that point, you were taking it pretty rough.”
The U.S. and China eventually reached a deal in late 2025. Beijing committed to buying 12 million metric tons of soybeans by January and at least 25 million metric tons annually for the next three years. China has since met its initial soybean purchase goal, and the Trump administration also rolled out a $12 billion temporary aid package in December to boost farmers affected by the trade war.
But the damage is already done, experts and farmers say. While China’s renewed purchases and the federal payments are helping, it’s not enough to recover farmers’ losses. Even after federal assistance, farmers still lost almost $75 per harvested acre of soybeans in the 2025 crop, according to the American Soybean Association. And the trade war further pushed China toward competing soybean exporters, such as Brazil — accelerating a trend of declining U.S. soybean exports to China.
[…]The war also caused gasoline and diesel prices to surge, causing further headaches for farmers. Oil prices dropped following the ceasefire announcement, but the war and the closure of the strait will have lasting impacts on farmers, said Seth Goldstein, a senior equity analyst at Morningstar, an investment research company. Facilities in the Middle East that are critical for exporting chemicals, oil and other commodities were damaged or destroyed during the war, and it will take time for supply chains to recover, he said.
See Eric Ferkenhoff (Lee Enterprises) and Josh Kelety (Associated Press), Already under financial pressure, Midwest soybean farmers are squeezed further by tariffs, Iran war, April 14, 2026.
A person of average foresight would have seen these risks and mitigated them. The best mitigation of trade wars and shooting wars? Well, that would be free trade and peaceful relations among nations.
Upcoming posts (in no decided order): The Regents, Economic Demand, Claims of Legacy, a Particular Species of Democrat, and a Whitewater Comparative Analysis.
Monster typhoon in the Pacific Ocean is bearing down on group of remote US islands:



