China-U.S. Trade Tiff “Scary” For Farmers

February 14, 2018 01:27 PM

There’s been some political back-and-forth between China and the U.S. Traders and farmers alike have been watching to see if China does anything with U.S. soybeans.

U.S. soybean exports have slowed, as demonstrated in the USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) that came out earlier this month.

Andy Shissler of S&W Trading says missing the mark on exports isn’t something farmers are used to.

“We’re kind of used to these huge [export] numbers, and you expect them to grow while demand in China has grown,” he said on AgDay.

Last month, president Trump slapped a 30 percent tariff on imported solar panels and washing machines from China.

Two weeks later, China announced an anti-dumping and anti-subsidy probe into U.S. sorghum. It’s been rumored that soybeans could see a tariff from China. That outcome is unknown at this point, but it could turn “ugly” if it happens.

“For the small group of farmers we have in the United States, it would be terrible for us, and for China, the difference in price wouldn’t be a big deal,” said Shissler.

Hear Shissler’s full thoughts on China on AgDay above.

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Spell Check

bad axe, MI
2/15/2018 07:17 AM

  China is just laughing at us they took over the petro dollar starting next month . Trump can put all the tariffs he wants to on anyone around the world but the only one it's going to hurt is the American consumer . Since we have more debt internally than all the other world countries combined and unwilling to service it nobody wants our money anyway. NAFTA, TTP it's all dead to us because all participating countries want the US to convert its dollar into there currency to do the trade . The US dollar is in a free fall right now and is kinda worthless to them. There is massive hyper inflation and interest rates coming for the US consumer in the near future. It's like the guy that comes in the neighbor hood buying everything up , going to show the old guys how to farm . But it's all on credit , he lasts 5 to 7 years and he is gone in the night on to driving a truck the rest of his life. The USA is in that position wright know its going to be driving the truck.

Sharon, IA
2/15/2018 09:37 AM

  Ashley forgot to mention that this China investigation has been going on for a year as she has mentioned in their previous articles. And the end of this article said the difference in price wouldn't be a big deal. Looks to me like the only thing scary is the journalism