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Trade War 'Truce' Gives Local Farmers Breathing Room

Farmers are hoping trade negotiations can continue and prices will continue to rise. Many have suffered deficits due to low prices this year. (Steve Burns, WFIU/WTIU News)

Indiana Farm Bureau officials say a temporary truce between the U.S. and China on trade is an early Christmas present for farmers. 

After Trump placed tariffs on a long list of Chinese goods earlier this year, China retaliated with its own on several U.S. products, including soybeans and pork.

The deal stipulates the United States will not raise tariffs on Chinese goods for at least next 90 days. The White House says, in return, China will buy more American goods.

Bob White is Director of National Government Relations for the Indiana Farm Bureau.  He says farmers across the state are welcoming this positive news and hoping it leads to profits in 2019. 

"It's a Christmas present, it really is," White says. "Because there wasn’t much optimism in the Ag community given the tariff trade war that we’ve got ongoing with China."

White says the negotiations ar aren’t finalized and the agreement is more of a temporary truce than a final plan.

The President says China will start buying US products immediately.

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