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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$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.