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ECONOMY

China put steep tariffs on U.S. exports. Farmers are worried

China's imposition of steep tariffs on US exports is causing significant concern among American farmers. The tariffs increase the cost of farm supplies and threaten retaliation against US crop exports, creating a double burden. While the White House considers mitigation efforts, potentially utilizing the Commodity Credit Corporation fund as in the Trump administration's previous trade dispute with China (which spent $28 billion in aid), farmers express concern about long-term market damage. The uncertainty surrounding the tariffs' duration and potential market distortions from aid packages adds to the farmers' anxieties, with many prioritizing market access over government subsidies.

Prepared by Christopher Adams and reviewed by editorial team.

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