Today, Farmers for Free Trade, the bipartisan coalition supported by America's leading ag commodity associations, released the following statement on the impact of the latest round of trade war retaliation on America's farmers.
“For American farmers, every week the trade war pain gets compounded. This latest escalation means even higher barriers into a market that not long ago was our second largest ag export destination. The rapid evaporation of the Chinese market has for the first time in over four decades brought us to the brink of losing our agriculture trade surplus with the rest of the world. While American farmers are on the sidelines, farmers in Brazil, Canada and Russia are reaping the benefits of the administration’s trade policy decisions.
“The view from much of farm country is bleak and anger is boiling over. With bankruptcies and delinquencies rising and prices falling, the frustration with the lack of progress toward a deal is growing. Farmers want a win, not a war."
Source: Farmers for Free Trade