Farm trade tariffs

Video Credit: KQTV - Published
Farm trade tariffs
Farm trade tariffs

The recent trade battle between the u-s and china could spell trouble for local missouri farmers... last week, president trump proposed a tariff increase on goods that are imported from china.

China then fired back with a proposed tariff against numerous imported u-s goods.

Missouri is one of the leading states in the country that produces goods like soybeans, corn, and beef.

China is -- by far -- the leading destination for those goods.

A st.

Joseph farmer told us, if the tariffs happen, they could lead to a drop in exports and economic losses -- both local and national.

(sot vernon hart local farmer & producer: the soybean tariffs and everything, one out of every three rows of soybeans raised in the state of missouri go to china.

And china makes up sixty-six percent of our total soybean imports across the whole united states.) hart added, he's optimistic a solution can be reached with the on-going "trade war"... the tariff increases will take effect in 60-days -- if a solution isn't reached.

A bill

You Might Like

Tweets about this

Related videos from verified sources

China, U.S. Reach New Trade Deal Ahead Of Deadline [Video]

China, U.S. Reach New Trade Deal Ahead Of Deadline

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday and China agreed to buy $40 billion in U.S. farm products. CBS2's Alice Gainer..

Credit: CBS 2 New York     Duration: 02:42Published