The ongoing escalation of the trade war between the U.S. and China is threatening the livelihood of Ohio soybean farmers. Since tariffs were put in place last year, soybean prices have dropped 20 to 25%. The Ohio Soybean Association (OSA) has been fighting against the use of tariffs from the beginning because farmers want to be able to compete in a free market. When they do, they thrive.
“This is simply unacceptable,” said Scott Metzger, OSA president and Ross County soybean farmer. “We understand the reasons for bringing China to the negotiating table to address technology transfer and intellectual property issues. However, there are other tactics that can be used to accomplish that without harming farmers and our rural economies.”
On May 10, the U.S. increased tariffs on $200 billion in Chinese goods, from 10 to 25%. It is also taking steps for an additional 25% tariff on the remaining $325 billion in annual imports from China.… Continue readingRead More »