(Le Mars) — President Trump’s actions to impose trade tariffs on China, is starting to have some consequences on Iowa agriculture. China is a major trading partner with U-S farmers with such products like soybeans and pork. Although
soybeans have so far been spared by the retaliatory actions of the Chinese, pork exports have not, and the price of hogs dropped substantially Monday as the Chinese named U-S pork as a product they would impose their own tariff.
Republican U-S Congressman Steve King says he believes in free trade, and he recently spoke with President Trump about the impact the tariff would have on Iowa’s economy.
King says he wishes that Trump would not have imposed the trade tariffs, and fears we have entered an all-out trade war with one of our better trading partners.
The Iowa Republican Congressman believes the effects of the trade war will have a long reach and memory for agricultural goods. But he says there may be some irony to the trade war with China.
King says the actions may also hurt young farmers trying to get a start in the farming business.
King says he will watch the situation closely.
