Agricultural Economists Sound Alarm Over Tariff Retaliation
Escalation Would Hurt Rural States & Have Long Term Negative Effects

Missouri University Agricultural & Applied Economics Professor Scott Brown: “If You Want To Try To Get Prices Higher In The Longer Term, We Need Markets Like China Open To Our Product … That’s Where We Can Get Some Price Strength Down The Road.” (Noah Higgins-Dunn, “Tariffs Could Hinder A Growing Market For U.S. Beef In China,” Columbia Missourian, 4/20/18)

Ball State University Economics & Business Research Professor Michael Hicks: “It’s Reasonable To Say Virtually All Of Our Manufacturing Is Going To Be Affected.” (Susan Orr, “Trade Tensions Put Indiana Farmers And Manufacturers In Crosshairs,” Indianapolis Business Journal, 4/20/18)

Paulding County Ohio State University Extension Director Sarah Noggle: “We Need To Be Staying Close To This Situation And Monitoring What Is Going On Here.  [Tariff Retaliation] Could Really Hurt A State Whose Main Crop And Agricultural Export Is Soybeans.” (Jim Langham, “Soybean Tariffs Could Hit Ohio Farmers,” Times Bulletin, 4/13/18)

Ohio State University Professor & Andersons Chair Of Agricultural Marketing, Trade And Policy Ian Sheldon: “But If [China] Does Follow Through [With Tariff Retaliation], And American Soybean Prices In China Go Up, Other Countries Could Step Up To Supply More Soybeans To China, And They Could Be Sold Cheaper Without The Tariffs.  In The Long Term, That Could Cause The United States To Permanently Lose Significant Share Of The Soybean Market.” (Jim Langham, “Soybean Tariffs Could Hit Ohio Farmers,” Times Bulletin, 4/13/18)

Iowa State University Associate Professor Of Economics & Crop Markets Specialist Chad Hart: “As We, If You Will Negotiate Our Way Out Of That, We Remove Some Of Those, But We Almost Never Knock All Of Them Back Out Again And So There Are These Lingering Policy Impacts That Continue To Drag On The Economy Even After The Dispute Is Long Gone.” (David Geiger, “Agriculture Tariffs Have Impact In Iowa,” KCRG, 4/13/18)

Purdue University Agricultural Economics Professor Wally Tyner: “The Annual Loss In U.S. Economic Well-Being [From Tariff Retaliation] Would Range Between $1.7 Billion And $3.3 Billion … Chinese Economic Well-Being Also Falls If They Impose A Tariff, In Some Cases As Much Or More Than For The U.S.  The Reason For That Is That Soybean Imports Are Very Important To Their Domestic Economy.” (Lucinda Shen, “How Trump’s Tariffs Are Squeezing His Farmer Support Base,” Fortune, 4/18/18)

Purdue University Agricultural Economics Professor Chris Hurt: “We Don’t Know If These Restrictions Will Actually Go Into Place Or Not, But The Threats Are Being Made, And They Would Be Negative For U.S. Agriculture And Certainly For Indiana Farmers In The Area Of Pork And Soybeans … Especially Soybeans.” (Laura Lane, “Threats Of Soybean Tariffs Have Farmers Concerned,” The Herald-Times, 4/17/18)