American Farm Bureau Federation Vice President Scott VanderWal and Texas Farm Bureau President Russell Boening warned Congress that many farms will lose money and even go out of business entirely if the growing trade war continues. Each called for a resumption of talks and removal of tariffs that are undoing decades of progress in trade. Kevin Paap, president of the …
Ag Shippers: NAFTA Trade War Costly
Union Pacific CEO Lance Fritz says trade disruptions are threatening to undermine an otherwise robust economy. The rail company, headquartered in Omaha, Nebraska, told the Omaha World-Herald that the current trade disruption: “Affects the 7,300 communities Union Pacific serves.” Specifically, the North American Free Trade Agreement (NAFTA) renegotiation effort is harming U.S. railways. About 40 percent of Union Pacific traffic …
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