Louisiana agriculture industry concerned about trade war with China

June 19, 2018 - 4:27 pm

(WWL.com) -- The escalating trade war with China is not good news for Louisiana’s Agriculture Industry. Ag Commissioner Mike Strain says the Bayou State has the largest trade surplus with China

“Our trade surplus with China, Louisiana’s trade surplus, is just over $7 billion due largely to agricultural exports to China,” he said.

Soybeans are among the hundreds of U.S. products China has singled out for tariffs. Strain says 60 percent of the soybeans that the United States exports go to China. He says Louisiana has also done a lot of work to open up China to rice, beef and poultry exports.

“Our growth in exports from Louisiana to China grew 148 percent," Strain said. "Our growth in good to the rest of the world grew 52 pecent.”

President Trump initially proposed tariffs on $50 billion in Chinese imports, because of an estimated trade deficit of $375 billion in goods with China. And now the Trump administration is looking at imposing tariffs on another $200 billion worth of Chinese goods as the trade dispute worsens. 

Strain says despite the negative impact to Louisiana, he understands the President’s position.

“We are going to be watching this and I know this is all part of a greater strategy.”
 

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