U.S. farmers fear they will miss out on some of the $135 billion in sales they made last year to foreign countries following President Donald Trump’s campaign promise to pull the U.S. out of big international trade deals.
The Trump administration backed out of the Trans Pacific Partnership and has voiced a preference for bilateral trade deals.
Among farmers who viewed the TPP as an effective way to lower the cost of reaching new international markets, that’s a concerning development.
Missouri ranchers, for instance, were eager to access a Japanese market with a growing appetite for American beef. American beef faces a 38 percent tariff to get into the country. The TPP would have slashed that number to 9 percent.
While many in the agriculture industry have spent months working to save trade negotiations, others suggest that free trade can lead to job losses. Trump and Vermont Sen. Bernie Sanders attracted supporters on the presidential campaign trail by pledging to curtail free trade.
Read more: KCUR