U.S. will impose duties on an estimated $200 billion in additional Chinese goods
Iowa Secretary of Agriculture Mike Naig issued the following statement on the announcement by the Trump Administration that the U.S. will impose duties on an estimated $200 billion in additional Chinese goods. The U.S. has already imposed duties on about $53 billion worth of Chinese goods. China previously increased tariffs on numerous ag products such as soybeans, corn, pork, beef and poultry.
“This escalation of trade tensions comes at a time when our farmers and businesses cannot afford any further erosion of our markets. As harvest is underway and farmers plan for the 2019 growing season, they need certainty now more than ever. I continue to urge the Administration to resolve this trade dispute with China in a way that does not further damage our agricultural economy. We need to conclude NAFTA negotiations and aggressively work to open new markets for our products.”