Terry Branstad praises Trump's 'strong stand' on tariffs [View all]
Former Iowa Gov. Terry Branstad, now the U.S. ambassador to China, said Thursday that President Trump is correct to press China on trade issues, even though the president’s actions have sparked retaliatory tariffs that could hurt Iowa farmers.
"We’re hopeful this can get resolved, but I really appreciate the fact that the president is taking a strong stand," said Branstad, who’d returned to Iowa to attend a visitation for former Gov. Robert Ray. "I’ve talked to so many companies and so many individuals who feel it’s about time that China change its policies and restore fairness and reciprocity in trade."
Trump in June announced a 25 percent tariff on $50 billion worth of Chinese goods. China responded with tariffs of its own that primarily targeted agricultural sectors and will disproportionately affect states like Iowa.
Chinese tariffs on pork and soybeans could cost Iowa farmers an estimated $1 billion through reduced prices, economists say.
Read more: https://www.desmoinesregister.com/story/news/politics/2018/07/13/terry-branstad-donald-trump-tariffs-iowa/782512002/
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