Trump’s tariffs would reorder trade circulations, raise expenses, draw retaliation
By David Lawder WASHINGTON (Reuters) - Iowa farmer Bob Hemesath is fretted that U.S. farming will pay a lot if Donald Trump wins Tuesday's governmental election and makes great on a vow to quickly enforce a 60% tariff on Chinese products and a minimum of a 10% levy on all other imports. It might be a much even worse rerun of the Republican previous president's 2018-2019 trade war with China that struck U.S. farm items with vindictive tariffs and moved Beijing's purchases to Brazil and Argentina, stated Hemesath, who grows corn and soybeans and raises hogs on 2,800 acres of land in northeastern Iowa. "When we begin putting tariffs on others, normally the vindictive tariffs wind up on American farming items," stated Hemesath, who chairs the Farmers totally free Trade advocacy group. "What I ...