Spending a significant amount of time on a dairy farm growing up, a trade deal with China that benefits local farmers cannot come soon enough for U.S. Senator Ron Johnson. Chinese officials are threatening to source their agricultural needs like soybeans elsewhere if U.S. imposed tariffs are not lifted, potentially closing the market for good. Some dairy groups are also worried Mexico could retaliate against its industry if the U.S. imposes new duties on imports beginning June 10th. Senator Johnson says farmers and manufacturers, which are also feeling the crunch from the tariffs, are in support of what President Donald Trump and his administration are trying to accomplish with the tariffs. He is keeping his fingers crossed that something can be worked out soon.
The Trump Administration announced last month that American farmers would receive $16 billion in aid to help mitigate the damage being done by China’s retaliatory tariffs.