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American Soybean Association Sounds Alarm On Retaliatory Tariffs At U.S. House Ways & Means Committee Hearing

American Soybean Association President John Heisdorffer: “Potential Tariffs Would Put Years Of Work To Expand Markets, And The Livelihoods Of Thousands Of U.S. Farmers In Jeopardy.” (John Heisdorffer, Committee On Ways & Means, U.S. House Of Representatives, 4/12/18)

  • Heisdorffer: “With This Announcement, Retaliation Is No Longer A ‘What If.’ The Prospect Of An Escalating Trade War Has Already Created Significant Uncertainty In The U.S. Soybean Market And Has Driven Up Premiums For Brazilian Soybeans From $10 To $30 Per Metric Ton.” (John Heisdorffer, Committee On Ways & Means, U.S. House Of Representatives, 4/12/18)
  • Heisdorffer: “Retaliation By China Against U.S. Tariffs Would Undercut Prices Received By Soybean Producers And Further Hurt The Already Depressed Farm Economy. Crop Prices Are Down 40 Percent Since 2013, And Farm Income Has Fallen By 50 Percent.  Operating Margins Are Slim, And Farmers Cannot Absorb Additional Hits To The Farm Economy.” (John Heisdorffer, Committee On Ways & Means, U.S. House Of Representatives, 4/12/18)
  • Heisdorffer: “We Simply Cannot Accept The Risk A Trade War Would Create For Our Industry.” (John Heisdorffer, Committee On Ways & Means, U.S. House Of Representatives, 4/12/18)
  • Heisdorffer: “We Believe That Expanding Market Access Can Play A Vital Role In Increasing Our Agricultural Trade Surplus. We Ask This Committee And Members Of Congress To Help Allow Soybean Farmers Be Part Of The Solution Instead Of Collateral Damage From A Potential Trade War.” (John Heisdorffer, Committee On Ways & Means, U.S. House Of Representatives, 4/12/18)

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