TFB statement on tariffs imposed by President Trump

The following statement may be attributed to Texas Farm Bureau (TFB) President Russell Boening regarding tariffs imposed by President Trump on imports from Canada, Mexico, and China. “Texas farmers and ranchers anticipated tariffs would be utilized by the Trump administration as an economic tool. “Tariffs were imposed during the first Trump administration. “There are concerns tariffs may increase the cost of some agricultural inputs in the U.S. “Higher costs of production are very difficult to absorb. Profit margins in many sectors of agriculture are currently extremely thin or non-existent, and higher costs of production cannot be passed on to the...

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