TRUMP'S TARIFFS WOULD REORDER TRADE FLOWS, RAISE COSTS, DRAW RETALIATION
Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60% tariff on Chinese goods and at least a 10% levy on all other imports.
It could be a much worse rerun of the Republican former president's 2018-2019 trade war with China that hit U.S. farm goods with retaliatory tariffs and shifted Beijing's purchases to Brazil and Argentina, said Hemesath, who grows corn and soybeans and raises hogs on 2,800 acres of land in northeastern Iowa.
コメント