Commodities

China’s Playing Hardball With The U.S Farmers, Says Trump

According to the U.S. President, Donald Trump, China is targeting American farmers “viciously” to leverage them to get concessions in trade. The U.S. administration on Tuesday declared a $12 billion emergency farm aid package for the country’s farmers. Farmers are used as a pawn as they entirely depend on the export markets for agricultural produce. With the heated dispute, China and other importer have imposed tariffs on incoming shipments of the U.S. dairy, meat, soybeans, produce and liquor.

First time after 1998, the U.S. administration declared the largest farm aid–consuming the funds of the Great Depression-era program–and will provide aid of $12 billion from September to take care of farmers’ weather losses. In the 2016 election, several rural and agricultural states supported Trump. However, some farmers and farm-state lawmakers stated that would prefer no tariff trades than a government help.

Farmers Are Used As Pawns To Get Concessions

In addressing this issue, Trump tweeted, “China is aiming for the U.S. farmers, knowing that I love and respect them, to corner the U.S. and take advantage of the country repeatedly. China is being vicious, but we were being nice- until now.”

China and other top U.S. trade partners are taking an aim on American farmers with retaliatory tariffs after the government-imposed duties on goods imported from China and commodities such as steel and aluminum from European Union (EU), Mexico, and Canada. Furthermore, China is trying to undermine support for Trump’s policies among farmers. Not long ago, China released a short clip in English featuring cartoon soybean stating the importance of trade.

According to Reuters, in 2017, the U.S. exported roughly $138 billion worth of agriculture products, which included $21.5 billion of soybeans, the most valuable U.S. export. On the other hand, in 2017, China imported $12.3 billion in soybeans. During these trades, farmers of the U.S. have lost millions of dollars, stated Mike Rounds, the Republican Senator of South Dakota. He added that if the state continues any further, they won’t be able to survive for long.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Swamini Kulkarni holds a Bachelors Degree in engineering and works as a content writer. She is deeply fascinated by technological advancements and the trending topic.

Leave a Comment

Your email address will not be published. Required fields are marked *