Trump’s tariffs triggered retaliation from China, suppressing the prices of agricultural products such as corn, soybeans and pork in the United States. American farmers are already feeling the pressure of falling crop prices and rising land prices. Don Bloss, a farmer in Nebraska, said that the tariffs have made the budgets of many local farmers already tight, and the tariffs have made the situation worse, causing some of his neighbors to quit farming. "They're not making money, some say bankers have given up on them... Some people have had their loans extended for a year, but that doesn't make a difference." Most farmers will lose money on corn, soybeans and pig farming. Economists predict that hog futures prices will plummet and U.S. pork producers will lose more than $2 billion a year. The USDA predicts that U.S. farm income will drop to $60 billion this year, half of what it was five years ago. Agricultural economists predict that "this may become the most serious agricultural financial crisis since the 1980s."
On July 6, 2018, the American Farmers Support Free Trade Organization issued two statements criticizing The U.S. government began imposing additional tariffs on $34 billion of Chinese products that day, pointing out that the interests of American farmers would be severely affected and calling on the Trump administration to stop the trade war.
One of the statements, from Illinois farmer Brent Beeble, put it bluntly: “For soybean farmers like me, this is a direct financial hit, right out of my pocket. "Grab money." The statement also said: "People's frustration is spreading rapidly in the Midwest, and we must solve this problem now."
China is the United States' largest soybean export market, with exports reaching 14 billion last year. Dollar. Bibull believes that the trade war has severely affected soybean farmers, which will not only greatly reduce the harvest of this year's hard work, but also cause American farmers to lose opportunities in the Chinese market.
Another statement was issued in the name of Brian Curle, executive director of Farmers for Free Trade. The statement said that Washington's actions of provoking trade wars will only cause more nightmares for American farmers who are already struggling to make a living.
“The consequences of the trade war on multiple fronts are accumulating and showing up day after day, from China canceling orders for U.S. soybeans, to (U.S.) cheese exports to Mexico plummeting, to (steel) Aluminum) agricultural equipment prices are soaring and economically damaging events are sweeping across farms across the United States," the statement said.
The statement pointed out that "American farmers want trade, not tariffs", "Farmers want to participate in global competition and win, and do not want to live in the subsidies and empty promises of the Washington government", "We ask the government to end the trade war And open up new markets"