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U.S. Farmers Fear China Trade Deal Will Leave Them Worse Off
 [Bloomberg] Some U.S. farm groups fear that President Donald Trump’s terms for easing his trade war with China risk leaving large swaths of American agriculture worse off than before the conflict began.Many producers are alarmed by signs that the administration would accept Chinese purchase target pledges for commodities like soybeans and pork without a promise to lift retaliatory tariffs, said industry representatives, some of whom spoke only on condition of anonymity to avoid consequences for publicly criticizing the administration. "This is of great concern to producers out here facing another year of tariffs," said Mark Powers, president of the Northwest Horticultural Council, which represents cherry, pear and apple growers in the Pacific Northwest. "We’re disappointed. Clearly the priority lies elsewhere." Farmers are unnerved by Trump’s enthusiasm for tariffs and his tendency to pick industry winners and losers, even as he promises in general terms to put "America first" in negotiations with the U.S.’s largest trading partner. As China and the U.S. aim to finalize a trade truce within the next month, Beijing is considering a U.S. request to shift some tariffs on key agricultural goods to other products, people familiar with the situation said. Posted by: Besoeker 2019-04-16 |
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