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Soybean Farmers React To Trade Deals

Dec 18, 2019

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By Will Bauer

A phase one trade deal with China has Nebraska’s Soybean Association president cautiously optimistic.

President Trump announced the agreement with China on Friday morning. NPR’s Scott Horsley reports the deal suspends $160 billion of tariffs that were scheduled to go into effect this Sunday. The deal also drops September 1 tariffs on Chinese goods from 15% to 7.5%.

“I’m optimistic," Nebraska Soybean Association president Robert Johnston said. "I think all soybean producers in the state and the nation have got to be optimistic. I think we still need to be cautious also.”

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