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Balanced Reporting. Trusted Insights.
Tuesday, April 15, 2025
Revoking China’s favorable trade status would backfire on the U.S. economy, with sectors such as agriculture especially hard hit, according to a report by the Peterson Institute for International Economics.
The House Agriculture Committee puts a focus this week on China and the potential threat it poses to U.S. agriculture, while Agriculture Secretary Tom Vilsack heads back to Capitol Hill to defend his spending priorities and policy implementation.
Bipartisan recommendations issued by a special House committee call for raising tariffs on Chinese exports and taking steps to protect U.S. farmers from the trade retaliation that would likely result.
