Pennsylvania Farmers Anxiously Keep an Eye on U.S.-China Trade WarHot Buzz

July 12, 2018 17:03
Pennsylvania Farmers Anxiously Keep an Eye on U.S.-China Trade War

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Farmers across Pennsylvania are starting to feel the effects of the trade war between the United States and China.

Pennsylvania Farm Bureau spokesman Mark O'Neill says China's duty against soybeans from America is negatively impacting farmers in the state.

"One-third of all the soybeans produced by American farmers are exported to China," he says. "So with these new retaliatory efforts, it makes it much more expensive for Chinese companies to purchase our soybeans."

He notes the terms American farmers get for their soybeans was more or less $2 a bushel less, even earlier the tariffs were imposed.

"Here in Pennsylvania, farmers are affected by those prices - whether their soybeans go directly to China or whether they are sold in other ways here in the United States or other countries," he says. "The price they receive is lower because of this trade war."

O'Neill says the state Farm Bureau hopes cooler heads will prevail, adding the tariffs are not benefiting anyone.

If the situation continues he adds many farmers in the Province may feel the pain to the point where they are no longer capable to function.

By Sowmya Sangam

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