• • • Farm Groups Fear Retaliation on Tariffs, Ask Trump to Minimize the Impact

• • • Farm Groups Fear Retaliation on Tariffs, Ask Trump to Minimize the Impact

President Trump’s decision to impose high tariffs on imported steel and aluminum, beginning as soon as March 23, may trigger retaliation against U.S. farm exports, said farm groups, who urged the White House to reduce the impact on the ag sector.

Senate Agriculture chairman Pat Roberts said the tariffs would become a tax on U.S. consumers. “As we have seen in past cases of increased tariffs, higher manufacturing costs will inevitably be passed down the supply chain,” said Roberts. The proposed tariffs would nullify positive gains created by the recent tax reform package passed by Congress.”

In an op-ed in a Capitol Hill newspaper, two wheat growers said it would be easy for other nations to mimic the U.S. in attacking its products. “It’s not a difficult argument for a wheat importer to say that if America needs domestic steel to build ships and tanks, they need domestic wheat to feed their soldiers.”

Source: https://www.agriculture.com/farm-groups-fear-retaliation-on-tariffs-ask-trump-to-minimize-the-impact

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