US farmers gird for fallout as Trump’s China tariff pledges reignite trade war fears

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WASHINGTON, Nov 10 — Donald Trump’s first White House term saw a bruising trade war with China that left a lingering imp...

Federal payments may have been helpful to farmers during the trade war, but trade ramifications extended long beyond it, said Scott Gerlt, chief economist at the American Soybean Association (ASA).

And without foreign buyers like China to absorb excess farm production, the market becomes oversaturated, in turn driving down prices and farmer incomes, said Slattery.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaArgentinaBrazilChinaEgyptIndiaUnited States

Topics: Farmers US-China trade war Us tariffs China tariffs Trade war United states US Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 21:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23583160

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