Two Iowa ag leaders say the impact of already-imposed tariffs and the threat of new ones will be felt in the agricultural sector for years, perhaps decades to come.
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Iowa Farm Bureau President Craig Hill says “any potential for profit in 2018” was wiped out this week and it’s a “very scary” time for farmers — despite assurances from Trump Administration officials that this is just a negotiating phase.
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Hill says history shows a trade war led into World War II and the Great Depression.
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John Weber is a former president of both the Iowa Pork Producers and the National Pork Producers Council. He says China’s pork tariff is already on and the “day of reckoning” is here.
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” President Trump says he has directed Ag Secretary Sonny Perdue to come up with way to shield farmers from the financial drag of these trade disputes, but Hill says that’s unlikely.
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