Wisconsin Soybean Farmers About To Lose More Money To Tariff Battle
One of the main U-S crops affected by new foreign tariffs will be soybeans. China retaliated against tariffs imposed by the Trump administration with its own tariffs on 34-billion dollars’ worth of American products. Wisconsin soybean farmers face more losses in a market already putting many of them out of business. Low prices for dairy and corn are already hitting the state’s agriculture hard. Some farmers say the short-term effect of the tariff battle will be harsh, but the long-term effect could be good for all trading partners. If China doesn’t back away from its plan, India and most of Europe will likely pick up the slack.
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