4/4/2018

CHINA/GOP/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT/WTO: “U.S. Sen. Roy Blunt, a Missouri Republican, is critical of the Trump administration’s tariffs… He says the tariffs could affect Missouri’s ability to export food abroad, and the U.S. should instead focus on pursuing trade cases it already has against China with the World Trade Organization. The American Soybean Association, a lobbying group that says it represents 21,000 U.S. soybean producers, says China’s proposed 25-percent tariff on soybeans would be ‘devastating’ to U.S. farmers. China is the largest consumer of U.S. soybeans, buying about one-third of all U.S. soybean production each year, the group says. Association President John Heisdorffer, an Iowa farmer, is calling on the Trump administration to withdraw its proposed tariffs and meet with soybean farmers to discuss ways to improve competitiveness without resorting to tariffs. The association says soybean farmers lost an estimated $1.72 billion on Wednesday morning alone as soybean futures tumbled.”

The Associated Press Staff, “The Latest: GOP Senator Blunt critical of Trump tariffs,” the Associated Press, April 4, 2018 12:10pm