President Trump recently outlined a plan that would increase taxes and tariffs to products being exported to China. The Chinese would respond by laying out a plan that equates to $50 billion in tariffs to American exports such as soy beans, cars and other goods.
With the two nations at an impasse, many believe that this could mean the start of a trade war. Despite President Trump tweeting that he doesn’t believe this is the case, many politicians and organizations across the state of Nebraska disagree.
We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!
— Donald J. Trump (@realDonaldTrump) April 4, 2018
Farmers across the state would be effected by the potential trade war, a fact that is not lost on their elected officials. Read their responses here:
The proposed retaliation from China will have a negative impact on the state of Nebraska. @POTUS must negotiate with the Chinese in a constructive way to get good trade results for our farmers and ranchers.
— Senator Deb Fischer (@SenatorFischer) April 4, 2018
Lots of folks in politics & the media are misconstruing trade. When we talk about trade, we should remember these six big ideas. pic.twitter.com/0Q4HxqKzPt
— Senator Ben Sasse (@SenSasse) March 23, 2018
Nebraska’s ag economy is the backbone of our state and China is the single largest export market for ag commodities produced in Nebraska. I am extremely concerned about the proposed Chinese tariffs on U.S. soybeans, beef, and corn. Read my full statement below: pic.twitter.com/pcsSyBqQj3
— Rep. Don Bacon (@RepDonBacon) April 4, 2018
China announced it will levy a tariff of 25 percent on U.S. pork and pork products in retaliation to the U.S. imposing tariffs on imported steel and aluminum. China’s response is what we had feared all along. Read more: https://t.co/vFBbb9TTFe
— Nebraska Farm Bureau (@NEFarmBureau) April 2, 2018
The #TrumpTariffs are bad for Nebraska. Our farmers are in the cross hairs & our 401Ks are evaporating. Yet Rep. Fortenberry remains silent. Where is Jeff? It's time for Congress to reverse these job killing tariffs NOW .
— Dennis P. Crawford (@DennisPCrawford) April 4, 2018
The #TrumpTariffs are job killers and bad for Nebraska agriculture. Fortenberry has said nothing about Trump's job killing tariffs. Where is Jeff? Once again, Fortenberry is putting Trump & the special interests first. I'm running to put Nebraska First. Nebraska Always.
— Dennis P. Crawford (@DennisPCrawford) April 3, 2018