Daily News Reports »

David Sparks Ph.d Tariff Troubles
by David Sparks Ph.d, click here for bio

Program: Idaho Ag Today
Date: June 29, 2018

Click on the play button to listen to report.

Download Report: Tariff_Troubles.mp3

Tariffs continue to chip at the global economy, as President Donald Trump moved forward on June 15, with the proposed tariffs of $50 billion worth of Chinese goods.

China retaliated hours later by announcing its own 25-percent tariffs on $50 billion worth of U.S. products. The tariffs focus predominately on agricultural imports.

Jessica Groskopf (Gross-cough), Nebraska Extension agriculture economist explains how the tariffs are disrupting our markets. Groskopf says, the length of the tariff, could effect how long it will take American agriculture goods to get back into a countries market. In an announcement regarding U.S. tariffs on Chinese imports, the American Soybean Association Vice President, Davie Stephens says nobody is a winner today. In the midst of a down farm economy and down farm prices, this uncertainty has led to a drop of market prices. He adds soy growers and the rural communities that depend on them will see the effects of this for years to come. The last thing we need is to hurt farmers, but that said, Trump is known as a very competent deal maker.

Recent Reports from Idaho Ag Today

Click here to see Archived Reports