Economics
Blindsided by China Tariffs, American Farmers Suddenly Face Huge Decision
- As planting season looms, some growers ponder: corn or soy?
- Chinese tariffs may make decision especially crucial this year
Agriculture Faces Pain in Crosshairs of U.S-China Trade Dispute
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Planting season, always a critical time for farmers, just became more nerve-wracking for U.S. growers of soybeans and corn.
In a move that caught many in U.S. agriculture by surprise, China on Wednesday announced planned tariffs on American shipments of the two crops. The measures are set to take effect in 60 days. That gives some farmers the opportunity of making a last-gasp switch to another crop. But for others -- perhaps most -- it’s too late to make a change.