BY – Julia Cohen on June 16, 2018
Chinese soybean tariffs will hit Iowa, a crucial state in presidential elections, with millions of dollars in lost sales, according to The Des Moines Register.
Iowa soybean farmers could lose up to $624 million as a result of the tariffs, Chad Hart, an economist at Iowa State University told The Des Moines Register.
“Any tariff or tax put in place will have a significant impact, not only to the U.S. soybean market but to Iowa’s, because we’re such a large producer,” Hart told The Des Moines Register on Friday.
Iowa produced $5.2 billion in soybeans in 2017 and is the second biggest producer of the crop in the country.
The state is also particularly important in presidential elections. Iowa is the first state to hold a presidential primary or caucus, and the Iowa caucuses are seen as a potential indicator of how a candidate will perform nationally during election season.
This means candidates have to pay particular attention to what issues matter in Iowa. So tariffs, particularly the soybean tariffs, could be a major policy point in 2020.
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