Missouri farmers fear big blow to exports with new China tariff threats

Amid growing trade tensions between the U.S. and China, new tariffs proposed Wednesday stoked concern among Missouri farmers that their industry could bear the brunt of retaliatory tariffs.

In response to tariffs previously introduced by President Donald Trump, China released a $50 billion list of products slated for tariffs, including soybeans, whiskey and cars.

That led to an immediate drop in the price of soybeans, which recently supplanted corn as the most widely planted crop in the U.S. China, the largest foreign market for American soy, buys more than 60 percent of U.S. soybean exports and 30 percent of American soybeans overall, according to the American Soybean Association.

Blake Hurst, president of the Missouri Farm Bureau, called Wednesday “an awful day for Missouri agriculture,” citing concerns about Missouri’s exports of pork and cotton, in addition to soybeans.

Read more: Kansas City Star, St. Louis Post-Dispatch

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