WASHINGTON, Nov 10 — Donald Trump’s first White House term saw a bruising trade war with China that left a lingering impact on farmers — and many are bracing for further...
Gobind Singh Deo exits as Selangor DAP chairman after failing to secure top 15 spot; Yeo Bee Yin leads new lineupWhile US farm exports to China rebounded after Washington and Beijing reached a trade war truce in 2020, a year after the deal, American market share remained lower than levels seen before the retaliatory tariffs were enacted.
Trump has suggested tariffs on all imports this time — with an especially high rate on China — making many farm owners jittery of a return to trade tensions. Michael Slattery, who grows crops like corn, soybeans and wheat in Wisconsin, added: “I view this second term with tremendous trepidation.” While US farm exports to China rebounded after Washington and Beijing reached a trade war truce in 2020, a year after the deal, American market share remained lower than levels seen before the retaliatory tariffs were enacted.
Federal payments may have been helpful to farmers during the trade war, but trade ramifications extended long beyond it, said Scott Gerlt, chief economist at the American Soybean Association .
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