Steel and aluminum tariffs could affect soybean farmers
ADAMS COUNTY, IL —
Soybean growers are concerned about newly proposed tariffs by the White House.
This comes after the U.S recently proposed tariffs on steel and aluminum.
Farmers are worried outside countries could retaliate and place tariffs on U.S. commodities.
Shawn Valter with the Adams County Farm Bureau says about half of the soybean crop in Illinois is exported for foreign trade.
"We have a huge competitor down in South America, with Brazil, Argentina. they would love to have that market. Once you lose a market, once China starts doing more business with them. that may continue on and obviously it would hurt the ag industry,” said Valter.
Currently China is the world’s top soybean buyer.
Canada imports $25 billion in US. agriculture products each year.