How Bad Could A Trade War Be For U.S. Agriculture?

March 6, 2018 10:58 AM

President Trump’s proposed steel and aluminum tariffs is drawing criticism from those in the agricultural industry, but also from his own political party.

Although House Speaker Paul Ryan opposes the plan, Trump says the U.S. won’t be “backing down” on the 25 percent tariffs on steel imports and 10 percent on aluminum.

Roberto Azevedo, director-general of the World Trade Organization (WTO) is also expressing his concerns about these increases, and the WTO is concerned about the escalation risk.

Michelle Rook reports that U.S. farmers are assessing how negative a trade war could be for U.S. agriculture on AgDay above.

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Spell Check

Daniel Davis
Center, CO
3/6/2018 11:02 PM

  I believe that Trump is handling trade correctly. Trailer has been lopsided and needs to be fair. The positivity’s out weigh the negivities.

Bob Martin
Reno, NV
3/6/2018 05:13 PM

  A minor trade war is much less worrisome than the lack of independence from countries that we may not totally trust and rely on down the road. I believe the trade war will be minimal.

Wisconsin Corn Grower
Kewaunee, WI
3/6/2018 05:38 PM

  Whether we like it or not we live and work in a global economy. Farmers have benefited from these trade deals and rely heavily on exports to support our prices. If we lose any export business now due to retaliation form tariffs on steel and aluminum it would be devastating to commodity prices in a time of over supply. Trade deals do not close factories and out source jobs corporations do in the interest of higher profits.


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