As we renegotiate the North Atlantic Free Trade Agreement (NAFTA) and redefine our relationship with China, many of the national and local headlines have warned Americans the United States is headed for a trade war.
After China put forth a list of potential tariffs on American pork, soybeans, corn and beef, President Trump responded aggressively by threatening to add an additional $100 billion on Chinese goods to his initially proposed threat of $50 billion.
Farmers in Minnesota and across the nation have raised the red flag – and for good reason. The tariffs on soybeans and pork in particular would add to an already highly stressful line of work, one in which there is quite a bit of anxiety due to low commodity prices and reliance on factors outside their control.
The President’s aggressive tone is unsettling, but let’s take a look at what’s happened just in the past few days.