U.S. government trade policy book iStock

Another Trump trade action puts ag in crosshairs

President Trump’s 301 actions could invite further retaliation against soybeans, milo and live hogs.

As expected, President Donald Trump made the announcement Thursday of targeting approximately $60 billion in tariffs against Chinese goods under Section 301 of the Trade Act of 1974. The action is designed to create a more reciprocal trading arrangement with China. However, those in the agriculture industry fear that it will devastate a crucial market for U.S. agricultural products.

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