CNN published an article about how it’s been nearly four years since China put tariffs on American-grown soybeans during a tit-for-tat trade war with then-President Donald Trump – and they remain in place despite the change in administrations. In turn, Beijing has left its retaliatory tariffs on some agricultural products, including soybeans, and some American-made goods. Soybean sales to China have nearly rebounded to their pre-trade-war levels. Soybean exports to China were just 1% lower in the year after the Phase One deal had been signed than they were in 2017, the USDA report found. Still, it’s hard to know what would have happened without the tariffs in place. Senior research fellow Joseph Glauber “The overall impact the tariffs have had on trade is a much harder thing to sort through ever since the ceasefire.” Still, he thinks it’s a “no-brainer” for the US to lift the tariffs. “It would help normalize trade.” Republished by CBS58 (Milwaukee), WTHI-TV (Terre Haute, Indiana), Our Community Now, Spot on Mississippi, Newstral, Community 99, and more than a dozen other media outlets.
Trump’s trade war looms over soybean farmers 4 years later (CNN)
May 08, 2022