Trump’s China Tariffs Could Hurt US Ag Exporters & Ports
Date: Wednesday, April 4, 2018
Peter Friedmann, executive director of the Agriculture Transportation Coalition (AgTC), told AJOT that if President Trump imposes tariffs against China for intellectual property violations, “the impact on agricultural and forest product exports could be substantial [and] this will also adversely impact the shipment of exports going out on ships from U.S. ports.”
Friedmann added, pressure “is ramping up on the President to discourage him from going ahead with these tariffs.” The impact could be wide-ranging. “China is the largest consumer of United States exports. In agriculture and forest products, virtually everything the United States produces can be sourced somewhere else in the world. As we’ve seen during periods when our maritime ports have ceased operations, China and our other trading partners are able to quickly pivot to other countries including from Holland, Germany, Poland, Turkey, Australia, New Zealand, virtually all of Latin America, and Canada, all of which are all too eager to supply the food, farm and fiber that China usually purchases from us.”
According to press reports, President Trump is planning to impose $60 billion worth of annual tariffs on Chinese products, as a result of Chinese intellectual property violations. The tariffs will focus on 100 products.
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