Fears ripple through the US heartland that agriculture could take hit from China trade retaliation
2018-03-16 09:48:42 source：CNBC
March 15, 2018
American farmers are worried about possible trade retaliation from China for President Donald Trump's tariffs on foreign steel and aluminum.
One U.S. crop sticks out: soybeans. China buys more than half of the U.S. soybean exports and roughly 1 in 3 row of beans grown on the nation's farms goes to the world's second-largest economy, according to the American Soybean Association.
Last week, Trump unveiled a 25 percent duty on steel imports and 10 percent charge on aluminum imports, saying the two industries "are vital to our national security." However, that isn't sitting well with farmers in the U.S. heartland because they are well aware China has already warned about possible retaliatory action.
Read more: