REPORT: Trump Trade conflicts cost Nebraska more than $1 billion in revenue, Farm Bureau says

BY TEAM DML / DECEMBER 5, 2018 /

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:

A new report from the Nebraska Farm Bureau estimates that President Trump‘s trade conflicts have cost the state’s farmers as much as $1 billion.

“Retaliatory tariffs make our U.S. products more expensive for international customers, meaning they buy less or buy from someplace else,” Nebraska Farm Bureau President Steve Nelson said Monday in a statement, according to the Omaha World-Herald. “This report provides a clear picture of how much we’ve lost due to those tariffs and the need to improve our trade relations.”

The study did not take into account Market Facilitation Payments from the Trump administration. Those payments are aimed to offset farm revenue losses as a result of trade disputes.

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