Impact of Tariffs on U.S. Farmers
Interior Secretary Doug Burgum stated that the U.S. may need to bail out farmers due to the impacts of tariffs, but believes that America still benefits overall from trade with China. He also highlighted the opportunity to expand value-added work in agriculture within the U.S.
Key Points
- Trade with China has benefits for America
- Expanding value-added work in agriculture
- Potential need for farmer bailouts
Pros
- America benefits overall from trade with China
- Opportunity to expand value-added work in agriculture in the U.S.
Cons
- Potential need for the U.S. to bail out farmers due to tariff impacts