MFU dismayed by trade tensions with China
April 4, 2018
ST. PAUL – Minnesota Farmers Union (MFU) is dismayed at the ongoing trade tensions between the United States and China. The Chinese government announced today that will impose a 25 percent tariff on more than 100 U.S. goods, including soybeans, corn and beef. This comes in addition to previous tariffs on pork, fruit, nuts and other items.
The tariffs were imposed in response to the Trump administration’s recent tariffs placed on foreign steel and aluminum.
MFU President Gary Wertish issued the following statement in response to the tariffs:
“The growing threat of a trade war with China is harming family farmers in the U.S. While we agree with the Trump administration’s desire to re-work our trade agreements, its approach has been detrimental to our relationships with our trade partners. Global trade is a vital part of the agricultural economy.
“With the current farm economic crisis, farmers can’t afford a trade war. The tariff on soybeans increases the number of farmers being affected and has brought down commodity market prices even further. We urge the Trump administration to negotiate fair trade agreements that benefit family farmers as soon as possible to remove this uncertainty from the markets.”
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Minnesota Farmers Union—Standing for Agriculture, Fighting for Farmers