Trump’s China Tariffs Could Hurt US Ag Exporters & Ports

Date: Wednesday, April 4, 2018
Source: AJOT

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.

Click here to read the entire article from the original source.

BROWSE MORE ARTICLES

E-MAIL TO COLLEAGUE

NOTIFY ME WHEN NEW ARTICLES ARE POSTED

SOUND FAMILIAR? HAVE A SLIGHTLY DIFFERENT ISSUE? CONTACT US

Have the News Delivered to you

Like what you see here? Why not let us send it directly to you?
Sign up to receive our Weekly Industry Newsletter, a compilation of all news articles that matter to you and your business.