The United States and China each learned a lot from the trade war that happened during President-Elect Donald Trump’s first term. NDSU Extension Crops Economist Frayne Olson said both global economies are in a different place than it was in 2018-2019. “My biggest concern is that U.S. agriculture gets sucked into this big tornado of all this other trade war stuff,” said Olson. “If President Trump follows through on his promise to put additional tariffs on Chinese imports, the big question is what will China’s response be.” The Chinese government has already announced bans or restrictions on precious metals shipped into the United States for use in high-tech computer chips.
