Additional Tariffs will Take Toll on America’s Farmers

American Farm Bureau Federation President Zippy Duvall commented today on President Trump’s announcement that the United States will impose reciprocal tariffs on trading partners.

“Trade is critical to the success of farmers and ranchers across the country. We share the administration’s goal of leveling the playing field with our international partners, but increased tariffs threaten the economic sustainability of farmers who have lost money on most major crops for the past three years.

“More than 20% of farm income comes from exports, and farmers rely on imports for crucial supplies like fertilizer and specialized tools. Tariffs will drive up the cost of critical supplies, and retaliatory tariffs will make American-grown products more expensive globally. The combination not only threatens farmers’ competitiveness in the short-term, but it may cause long-term damage by leading to losses in market share.

“We encourage the administration to work toward a swift resolution to trade disagreements to avoid tariffs that put farmers and ranchers in the crosshairs of retaliation, and to pursue strategies that expand market opportunities for the men and women who grow the food every family in America relies on.”