U.S. under Trump series: Trump tweets to woo american farmers as looming trade battle threatens Soybean exports
Source: FxWire Pro - Commentary / 21 Mar 2018 05:55:26 Eastern Standard Time
President Trump took up the opportunity on National Agriculture Day to congratulate American farmer by saying that they are the backbone of the country, “Our Nation was founded by farmers. Our independence was won by farmers. And our continent was tamed by farmers. Our farmers always lead the way -- we are PROUD of them, and we are DELIVERING for them!” as his protectionist agenda casts a shadow over American farmers.
As President Trump imposed 25 percent tariff on all Steel imports to the country and 10 percent tariff on Aluminum imports and as reports suggest that his administration is set to announce additional tariffs/restrictions on Chinese goods worth $60 billion by the end of the week targeting telecommunications and technology sectors, China’s nationalist tabloid Global Times, which is often described as the mouthpiece of the Chinese government warned that China is likely to impose tariffs on U.S. Soybean imports.
Mr. Hu, who often writes the paper’s editorials, said on Twitter, “I’m sure if Trump imposes high tariffs on imported products from China, the backlash will first come to American soybeans worth over $10 billion sold to China every year. This is no casual comment. Please read tomorrow’s Global Times for further information”.© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.