After frustrating year, US soybean growers call for resolution to US-China trade dispute

0 Comment(s)Print E-mail Xinhua, August 13, 2019
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Paap, the fourth-generation owner of his family farm that primarily produces soybeans and corn, said the United States and China should negotiate to figure things out.

"If we can work together to come up (with) some agreements that benefit both sides of that agreement, it's very important to agriculture," he said, adding that U.S. farmers want trade rather than aid.

The American Soybean Association (ASA), which represents more than 300,000 soybean farmers, issued a statement early May, opposing using unilateral tariffs to address U.S. trade deficits with China and other countries.

Instead, the organization suggested the negotiation of trade agreements and other measures that can increase U.S. agricultural exports, including soybeans.

If it continues, the friction will become increasingly difficult to recover, said Davie Stephens, ASA president and soybean grower from the U.S. state of Kentucky.

"With depressed prices and unsold stocks expected to double by the 2019 harvest, soybean farmers are not willing to be collateral damage in an endless tariff war," he said.

So far, many individuals, organizations as well as business groups in the United States have voiced their concerns about the tariffs' ripple effects on both relative industries and the broader U.S. economy, while hoping for a final settlement.

U.S. anti-tariff advocacy group Tariffs Hurt the Heartland has warned that as the country's trade disputes with its trading partners persist, repercussions will be felt by farmers, factory workers and everyday consumers nationwide.

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