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Farms.com Home  › News

Soybean Farmers React To Trade Deals

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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