Everett Griner talks about the trade war in today’s Agri View. Everett takes a look at what commodities may be affected the most. He also lets us know what a trade war may cost the producers in export dollars.
Trade War Threat Continues
The threat of a trade war still has more than just farmers sweating it out. Chinese officials have said publicly that they would turn to Asian countries to keep their market strong. In some opinions, they would have to look beyond European exports to take up the slack. If Europe can’t supply demands for pork, soybeans, and wine. Certainly, trade with Latin American countries can take up the slack.
What would the United States do with 33 percent of its soybean crop? That is how much goes to China right now. It is estimated that if China imposes the tariff that is mentioned, it will cost the United States $50 billion dollars. While talk is about pork, soybeans, and a couple of other staples it will have price reaction to a lot more than just farm goods.
Fact is. We don’t know until it is all over, I don’t think.
That’s Agri View for today. I’m Everett Griner…