The National Grange is a fraternal organization in the United state in that encourage families to band together to promote the economic and the political well begin of the community and agriculture. The nation oldest agriculture advocacy organization, released a statement about the potential trade war with china that could devastate America's agriculture sector and do great harm to our economic, National Grange President Betsy E. Huber said.
The President of America Donald Trump do not harm to agriculture. " National Grange". Our looming trade war with China is serious and will be devastating to America's Farmer and ranchers. Commodity prices at the farm gate are already at level far below profitability. If current trade posturing does escalate to a full-fledged trade war with china, our country will slip from an agriculture recession today into an agriculture depression tomorrow. China has shown it is more than willing to target America's food producers with retaliatory tariffs on our agriculture export.
China's ready to target America's most valuable food and agriculture export with serious retaliatory tariffs. soybeans, pork, apples, wines, grapes, orange and pistachios appear to be at the top of china's retaliatory list. Chinese tariff will close market, dam up market channel and cause commodity market price to fall even more. for example. if a 10percent tariff were to be placed on soybeans export, would fall by a third, according to the U.S. soybean export council. A 30% tariff would drop U.S. soybean exports to China by 71%.
The lost market would be very difficult to regain later. We again ask the administrator to do no harm to agriculture. " Other countries around the world are anxiously waiting to pick up America food and Agriculture export market from a U.S. Chinese to trade war.
