Chinese Tariff Proposals Hit Missouri Soybean Farmers

Saturday, April 14, 2018

The Chinese Commerce Department's proposal to roughly triple tariffs on U.S. soybean is a substantial threat to Missouri soybean farmers' bottom line in a time of already tight farm margins. Within the announcement of new and increased tariffs on roughly $50 billion in imports, U.S. soybean saw a 25 percent increase - going from a Value Added Tax of roughly 11 percent to total duties of more than 35 percent in the April 3 proposal.

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