China

Updated at 6:15 p.m. ET

The Trump administration will provide $16 billion in aid to help keep farmers afloat as they reel from the yearlong trade war between the U.S. and China, the latest sign that the world's two largest economies are still far from striking a long-term trade agreement.

The bulk of the support, or about $14.5 billion, is direct aid to farmers, which producers will start to see some time this summer, Agriculture Secretary Sonny Perdue told reporters in a briefing on Thursday.

The Trump administration is preparing a new list of $300 billion worth of Chinese imports that would be hit with tariffs of up to 25%, after China retaliated Monday in the trade war between the world's two largest economies.

The prices of the things we buy, from floor lamps to canoes and bicycles, are slated to go up, literally overnight, as the Trump administration makes good on a promise to raise tariffs on $200 billion worth of imported Chinese products.

Joanthan Ahl / Harvest Public Media

In theory, closing off China’s soybean market due to the trade dispute with the U.S. on top of generally low prices for the commodity should affect all industry players, big to small. Agriculture economist Pat Westhoff begged to differ.

Grant Gerlock / Harvest Public Media

The U.S. trade war with China has created a financial burden for farmers and companies that import Chinese goods. Consumers, on the other hand, have mostly been spared from the conflict.

That could all change if this month’s negotiations between the U.S. and China don’t go well.

Israel Palacio / Unsplash

The U.S. trade war with China, now approaching a year, is often framed as hurting manufacturing and agriculture the most. But that’s mainly collateral damage in an international struggle over power and technology that has its roots in the Cold War, when China was still considered a largely undeveloped country.

Madelyn Beck / Harvest Public Media file photo

For crop farmers, winter is the offseason. But that doesn’t mean they take the winter off. It’s meeting season — going to endless seminars or having discussions about better ways to farm — and planning season.

Planning may seem like it would be a challenge given the trade uncertainties, including the tariff war with China. 

Amy Mayer / Harvest Public Media file photo

After a year that saw persistently low prices for many agricultural products — exacerbated by the retaliatory tariffs imposed on U.S. goods — farmers are eager for a recovery in 2019.

Pork producers have been working within the trade-war parameters since China imposed a hefty tariff in April. Northeast Iowa pig farmer Al Wulfkuhle said the sudden drop in Chinese demand for U.S. pork turned what had started as a promising year into a challenging one.

Soybeans are piled up at a Nebraska grain elevator.
Grant Gerlock / Harvest Public Media file photo

Prices for crops like corn and soybeans have declined as the U.S. has sparred with top trading partners, but exports of those crops have not plummeted the way many observers had feared.

A soybean field in Jasper County, Iowa, in 2016
Amy Mayer / Harvest Public Media file photo

Harvest season isn’t far away for corn and soybean farmers, whose crops are worth less now than when they planted in the spring due to the United States’ trade war.

“We don't know what to think from one day to the next. It's hard to plan,” said Duane Hund, a farmer in Kansas’ Flint Hills.

Forty percent of farmers polled this summer by Farm Futures said President Donald Trump’s trade policy is permanently damaging U.S. agriculture. The scrambling of global markets is just beginning, Hund said, and pointed to the 1980 Russian grain embargo as an example.

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