A Repeat of the Tariff Wars

During the Crop Outlook and International Durum Forum, Gulke Group President Jerry Gulke reviewed the election and its impact on markets. Gulke worries about a repeat of 2018 and 2019 tariff wars. “We see pretty much the same fundamental situation that we had going into the election and now that President-Elect Trump is going to be in office again, we can expect him to follow through on his restrictions on imports and taxing the imports as he did before.” In Gulke’s view, the government may need to take a creative approach to address the large carryover, such as a strategic corn reserve. “At some point, you’ve got to get rid of that surplus.”