As the U.S. and China square off over tariffs, some Missouri soybean farmers hear echoes of past trade policies and fear what the country’s current dispute could mean to America’s place in the global export market.
The big worry for some Missouri soybean growers is that U.S. exporters could permanently lose some share of China’s fast-growing soybean market.
Brazilian soybean production boomed in the 1970s after President Richard Nixon put an embargo on U.S. soybean exports, and observers say China’s current 25 percent tariff on U.S. soybeans could cause similar fallout.
Meanwhile, though farmers say the $12 billion of aid promised by the U.S. Department of Agriculture to help farmers affected by the tariffs will provide a boost in the near term, they remain concerned about the long-term effects of recent trade policy.
Read more: St. Louis Post-Dispatch