More tariffs in the tit-for-tat trade war between the U.S. and China means more suffering for agriculture and agricultural equipment makers. Feeling the brunt of the trade war since it started with tariffs on steel and aluminum, manufacturers of agriculture equipment are eager to see a swift resolve.
Just last week, a coalition of manufacturing groups and associations sent a letter to U.S. Trade Representative Robert Lighthizer urging the Trump Administration not to move forward with this latest round of tariffs.
Association of Equipment Manufacturers President Dennis Slater says the “extreme use of tariffs hurts our nation’s access to global markets” and threatens many of the 1.3 million equipment manufacturing jobs. Slater called for the administration to look for ways to improve trade with China, instead of “doubling down on tactics that only lead to continued retaliatory actions.”
Source: National Association of Farm Broadcasting News Service.