CHINA’S SANCTIONS AGAINST AMERICAN FARMERS ARE LIKELY PERMANENT | WHAT REALLY HAPPENED

CHINA’S SANCTIONS AGAINST AMERICAN FARMERS ARE LIKELY PERMANENT

The American farmer keeps getting bombarded with bad news, and it doesn’t look like it’ll be alleviated any time soon. The tariffs the Chinese slapped on American soybeans are corn are likely to do permanent and everlasting damage to the economy.

It’s a fear many farmers from North Dakota to Mississippi have acknowledged for the past year, according to a report by Forbes. American farmers have raised their concerns about everlasting damage because they’ve invested millions of dollars in soybean expansion because of China. Now that Chinese demand has moved to Brazil instead, that market (and their investment) may be lost for good and it can be blamed on the trade war.

China’s decision to stop buying commodities like soybeans from U.S. farmers has already done irreversible damage to the agricultural industry. Soybeans had been rotting in silos and farmers have no one to buy their goods – meaning they will likely begin missing payments if they haven’t already.

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