China prepares tariffs aimed to hurt states that helped elect Trump
As President Trump prepares to announce Thursday his plans to impose at least $30 billion in tariffs against China, countertariffs are being drafted overseas to specifically hurt states that helped buoy the president to his win in 2016, The Wall Street Journal reports. Focusing on the Farm Belt, China's tariffs could target American soybean, sorghum, and live hog exports, with Chinese companies preparing to turn to Brazil, Argentina, and Poland to meet their supply needs.
"The challenge for any president in tariffs is to ensure that ultimately you don't punish Americans for China's misbehavior," explained Rep. Kevin Brady (R-Texas).
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American farmers, for one, are sounding the alarm: "Bottom line, we're terrified," Zaner Group market strategist Brian Grossman, a former North Dakota farmer, told The Wall Street Journal. "It's not going to be good for the American farmer."
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