MAJOR us agricultural organisations representing farmers nationwide forwarded a letter to the US Select Committee on the Chinese Communist Party, reports the American Journal of Transportation.
The coalition urged the committee to consider the adverse effects on American farmers when deliberating on the recommendation to Congress regarding the potential repeal of China's Permanent Normal Trade Relations (PNTR) status.
'We respectfully urge this important committee not to recommend revoking China's PNTR status. The negative consequences for American farmers, ranchers and food producers would be profound and the economic impact on American workers and rural communities would be felt for years,' said the organisations.
The letter points out that 'China is now the largest buyer of US food and agricultural products, purchasing 19 per cent of our exports. These exports are critical to America's farmers and rural communities.'
The letter also highlights lessons learned from the 2018 and 2019 tariff increases and the pain they inflicted on American farmers: 'Those retaliatory tariffs led to a significant reduction in US agricultural exports to retaliating partners with China accounting for 95 per cent of the losses (US$25.7 billion). Rural states with significant agriculture economies like Iowa, Illinois, Kansas, Minnesota, Indiana, Nebraska and Missouri were hit the hardest.'
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The coalition urged the committee to consider the adverse effects on American farmers when deliberating on the recommendation to Congress regarding the potential repeal of China's Permanent Normal Trade Relations (PNTR) status.
'We respectfully urge this important committee not to recommend revoking China's PNTR status. The negative consequences for American farmers, ranchers and food producers would be profound and the economic impact on American workers and rural communities would be felt for years,' said the organisations.
The letter points out that 'China is now the largest buyer of US food and agricultural products, purchasing 19 per cent of our exports. These exports are critical to America's farmers and rural communities.'
The letter also highlights lessons learned from the 2018 and 2019 tariff increases and the pain they inflicted on American farmers: 'Those retaliatory tariffs led to a significant reduction in US agricultural exports to retaliating partners with China accounting for 95 per cent of the losses (US$25.7 billion). Rural states with significant agriculture economies like Iowa, Illinois, Kansas, Minnesota, Indiana, Nebraska and Missouri were hit the hardest.'
SeaNews Turkey