Ag lawmakers are reacting to President Trump’s 90-day pause on tariffs.
Congressman Newhouse of Washington state explains why he is in favor of the pause:
“I can tell you that it is, in my estimation, a smart thing to do. Pausing the tariffs so that countries can negotiate with us so that we can get the best trade deal possible for our country and for our customers or our trading partners. I think that is a good thing.”
As far as timing goes, Congressman Newhouse says that it is probably for the best for northwest farmers.
“I know there are a lot of people at home that are raising a lot of concerns, and justifiably so. You know, we will have agricultural crops being harvested before you know it, and we need to have those markets available. So, having a 90-day pause gives us that opportunity to get some of that important work done before we start harvesting.”
He says that the 90 days will pass quickly and that Trade Reps need to buckle up to get a lot of good work done in a very short amount of time.
Market analyst Kevin Huddleston said news of trade deals could rebound cotton prices in late fall, and producers need to be ready to strike deals.
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