Farmers in the region want quick resolution to the current trade war due to the negative impact it’s having on their bottom line. However, United States Ambassador to China Terry Branstad says he isn’t sure how long the tit for tat with China will last.
However, Branstad says the President has been justified in putting tariffs on imports of Chinese goods into the U.S. He says China is hurting worse than the U.S. with the drop in their stock market and their currency.
Branstad says it is unfortunate U.S. farmers have been collateral damage in the trade war. He isn’t sure what it will take for China to finally cut a deal with the U.S., but says intellectual property is one of the problem areas.
Branstad says Treasury Secretary Steven Mnuchin has been in talks with Chinese officials in the last two weeks, so the countries are trying to negotiate a deal.
