The European Commission on Wednesday greenlit tariffs of up to 25 percent on cigarettes from Florida, beef from Kansas and Nebraska, chicken from Louisiana, car parts from Michigan, and most importantly, soybeans.
“Farmers are frustrated. Tariffs are not something to take lightly and ‘have fun’ with. Not only do they hit our family businesses squarely in the wallet, but they rock a core tenet on which our trading relationships are built, and that is reliability,” said Caleb Ragland, Kentucky soybean farmer and American Soybean Association president. “Soybean farmers still have not fully recovered market volumes from the damaging impacts of the 2018 trade war, and this will further exacerbate economic hardship on our farmers.”
This is the direct human impact of Trump treating the global economy like it’s a video game you can infinitely restart back at the same checkpoint. Now our biggest allies have met spite with spite, and American exporters and consumers will suffer.
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