NASHVILLE, N.C. (WNCN) – An on-going trade war is sparking farmers in the east to speak out.
President Trump increased tariffs on $200 billion worth of Chinese imports.
In retaliation, China announced a $600 billion tariff on U.S. goods.
Dozens of farmers have mixed emotions.
A few crop growers agree with President Trump’s move to not back down.
Others say they’re struggling to make ends meet.
There are a few impacts on consumers including rising prices for fruits, vegetables, and electronic devices.
Economy experts say consumers could see an increase in their taxes.
Jeff Tyson is the president of the N.C. Soybean Producers Association, Incorporated.
“It’s taking a toll on farmers and profitability is down,” said Tyson. “It’s really challenging to make ends meet.”
It’s a tough stretch for Tyson. First, severe weather washed out his crops and now the threat of a looming trade war between the U.S. and China.
“Not having a trading plan in place affects the market which makes it challenging on the farmers,” said Tyson. “The banks are getting nervous which means everyone is getting nervous.”
Tobacco and soybean crops are plentiful throughout the east but could change if the two largest economies hold out on a deal.
Tyson is pleading for lawmakers in Washington to find common ground and find a solution.
“Farmers have to be optimistic, otherwise we wouldn’t do this,” said Tyson. “I hope that Congress would back the President and remember that they are working for the American people.”