In recent months, President Trump has
imposed much-needed tariffs to address China’s 24-year trade war and commercial
espionage campaign targeting America. Instead of changing course, China has
imposed tariffs on fairly-traded goods from the United States. While President
Trump’s moves are aimed at helping U.S. manufacturers, we need additional
strategies to help farmers and ranchers. America’s manufacturers and farmers
happen to share a major export problem - an overvalued U.S. dollar that makes
their goods more expensive overseas. If Congress and the administration can
buckle down to pass legislation addressing this “strong dollar,” we could see
corn, soybean and beef prices increase by 25 percent or more. [more...]
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