The US plans to impose tariffs on China, Canada, and Mexico, raising concerns about its impact on the farming industry. John Boyd, Founder and President of the National Black Farmers Association, discusses the potential consequences of this move, including a possible trade war and labor shortages.
on China, Canada and Mexico in a move some economists say could impact our economy and necessary industries.
Four years ago, China put tariffs on American soybeans. Now, with the U.S. planning to impose these tariffs on the country, we asked Boyd if he expects this to begin a retaliatory trade war. Boyd said if they don't have the money they cannot pay for labor and that, as well as mass deportations, could in turn create a ripple effect on the American consumer.
TRADE WAR FARMING INDUSTRY TARIFFS LABOR SHORTAGES AGRICULTURAL POLICY
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