Over the last month President Trump has imposed tariffs on imported steel and aluminum under Section 232 of the Trade Expansion Act of 1962 and more recently announced approximately $60 billion in tariffs on China under Section 301 of the Trade Act of 1974.
China is by far the world’s biggest importer of U.S. soybeans, importing $14 billion of U.S. soybeans in 2017, 61 percent of total exports. The U.S. government and farmers have worked together for 60 years to establish markets for U.S. soybeans in China and these steel tariffs put years of work in jeopardy.
Not to mention, any kind of retaliation during the already downturned farm economy would prove harmful to growers and the rural communities that depend on them.
The administration’s decision to place tariffs on to our top trading partners is putting rural America, and individual growers at risk. The danger of retaliation is too great to keep these tariffs in place.
Join ASA on social media in utilizing the hashtag #TradeTuesday as we promote the importance of U.S. soy exports.