Commerce Secretary Wilbur Ross faced criticism over the Administration’s trade and tariff policy during a Senate Finance Committee hearing. The dust-up over steel and aluminum imports has resulted in retaliation against farm commodities. Agriculture Committee Chairman Pat Roberts said this trade strategy has consequences for agriculture. “Mexico is buying their wheat from Argentina and their corn from Brazil. We could be in a situation where we lose that market and we wouldn’t be a reliable supplier. Once you do that, you’re in a lot of trouble in the trade business.” Ross defended the tariffs on steel and aluminum imports as the only way to get the attention of China and other parts of the world about unfair trade practices.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.