Republican Sen
. Jerry Moran of Kansas raised dire concerns over the Trump administration’s intensifying tariff war with China, warning Department of Agriculture Secretary Sonny Perdue on Monday that the impact on American farmers could prove devastating.
“Kansas farmers and ranchers understand the need to hold China accountable for bad behavior on trade,” he wrote. “Yet, net farm income has fallen by 50% since 2013 and the trade war has pushed commodity prices down even further. Many farmers and ranchers are on the verge of financial collapse.” Less than two weeks ago, the U.S. hit $200 billion worth of Chinese goods with tariffs ranging from 25% to 10%. China retaliated days later with plans to slap new tariffs of between 25% to 5% on about $60 billion of U.S. products.
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