The U.S. Trade Rep is proposing fees on Chinese-built and operated ships. It comes in an effort to counter its dominance in global shipping.
However, many are concerned it could result in increased transportation costs for U.S. farmers.
American Farm Bureau Economist Danny Munch spoke with RFD-TV’s Suzanne Alexander on what these fees target, how much this would cost U.S. farmers, and additional concerns for producers.
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The lower outlook follows months of drought stress across major winter wheat regions, where some producers have abandoned fields or shifted acres to grazing instead of harvest.
Farmers are closely watching upcoming U.S.-China trade talks as rising fertilizer and diesel costs continue to pressure exports, margins, and rural economies.
Based on USDA data compiled by the U.S. Meat Export Federation, pork exports increased by six percent in March compared to the previous year, while beef exports weakened overall.