Soybean Tariff

Wallis Watkins

Soybeans are a $700-million dollar industry in Louisiana.  It’s the second largest row crop industry, just behind sugar cane. So when China imposed a tax on imported soybeans, it put a financial strain on farmers across the state. 

United Soybean Board / Flickr Creative Commons

Louisiana plants more soybean per acre than any other row crop in the state. Last month, China introduced a tariff on American soybeans, making them 25% more expensive for Chinese buyers. The move was a response to tariffs announced by President Trump on Chinese goods. How will the soybean tariff impact Louisiana farmers?