Today, Farmers for Free Trade spokesman and Iowa soybean farmer, Scott Henry issued the following statement after China announced further retaliation that would target $60 billion in American exports. The products listed by China include additional American ag exports, including additional soybean products. Farmers for Free Trade last week announced a new, multi-million dollar campaign called Tariffs Hurt the Heartland that will highlight how tariffs are impacting farmers like Scott, along with others in rural America. For more on that campaign visit TariffsHurt.com.
“The tariffs announced today will cause more pain for American farmers and rural communities. At the top of the list of the over 5,000 American exports being targeted for new taxes are even more ag products, including more soy products. This latest escalation from China could threaten my livelihood and the livelihoods of other American farmers like me. Our patience is wearing thin.”
“What’s particularly concerning right now is that China is adjusting to a new normal that locks U.S. soybean farmers like me out of their market. While this trade war escalates, they are encouraging domestic planting, looking to alternative feed sources, and ramping up imports from Brazil, Canada, and Russia. The Chinese are leaving American farmers, who for years have reliably supplied their market, on the outside looking in, not just in the short-term, but potentially for decades to come.
“The eyes of rural America are trained on Washington right now. As farmers head into a harvest and borrowing season that could make or break family farms, they want to know two things: when will this trade war end and when are we going to get back in the business of opening markets to Made-in-America exports?”