Maniacal focus on China draws fire from mainstream critics
Steve Bannon urges an economic war with China to decide who will be the global hegemon over 25 to 30 years. Experts caution such blunt tactics risk harming the U.S. economy, while the White House debates trade actions and North Korea policy. Beijing warns there will be no winner in a trade war.
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Wheat futures close lower amid mixed grain data
Trading showed declines across several contracts as Sep through Dec futures fell from intraday highs. September settled at 414.00, December at 440.75, and March at 463.75, with losses ranging 2 to 6 cents per bushel. Open interest rose, and speculative activity appeared firm ahead of the next seasonal shift.
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