The following is a statement from Illinois Farm Bureau President Richard Guebert, Jr., regarding U.S. tariffs on $200 billion worth of imports from China, announced July 10, 2018.
“This new round of tariffs heightens our concerns. As the trade war with China stretches into the summer, it will continue to put pressure on farmers who are already battling low commodity prices and declining farm income.
“These tit-for-tat tariffs not only hurt farmers and rural economies, they will punish American consumers as well, increasing the prices people pay for goods and services.
“Illinois Farm Bureau strongly encourages the administration to either finalize NAFTA or strike updated, separate agreements with Mexico and Canada, two top trading partners for agriculture.
“Further, a bilateral trade agreement with Japan is imperative so that the U.S. can compete on a level playing field with many of our competitors whose products face lower Japanese tariffs.
“Farmers rely on global markets to sell their surplus corn, soybeans, pork, beef, dairy and other commodities. Our leaders need to get down to the business of expanding global markets.”