Agriculture has been watching the trade war with nervous anticipation. Tariffs are already in place on pork, and tariffs are threatened on soybeans, corn and beef. Market analysts have told us repeatedly that there is no reason to panic, these tariffs are only proposed. While we may not have a reason to panic, farmers and ranchers are certainly nervous.
A lot of noise being raised these past few weeks over the tariff topic. However, it is the silence from the White House that has been deafening.
Farmers, farm state lawmakers and agricultural leaders have been asking about how the Administration plans to protect agriculture in the event of tariff implementation. President Trump on Monday said that farmers would be helped.
The answer did not give anybody a whole lot to go off of. When asked if there were any plans to protect farmers, United States Agriculture Secretary Sonny Perdue said he did not want to show his hand, lest China know what the United States planned to do.
Perdue did say the Trump Administration was not going to make agriculture bear the brunt of the tariff war alone.
With the urge to remain calm, only time will tell.