Statewide Iowa — (RI) — Farmers in Iowa and across the region want quick resolution to the looming trade war due to the negative impact it’s starting to have on their bottom lines.
Speaking in Des Moines, the U-S Ambassador to China, Terry Branstad, says he isn’t sure how long the impasse with China will last.
Branstad, a former Iowa governor, says President Trump is justified in putting tariffs on imports of Chinese goods into the US. He says China is in worse financial condition than the US due to the drop in that nation’s stock market and currency value.
Speaking at the Iowa State Fair, Branstad says it’s unfortunate American farmers have been collateral damage in the trade war and he’s unsure what it will take for China to finally cut a deal with the US.
Branstad says US Treasury Secretary Steve Mnuchin has been in talks with Chinese officials over the past two weeks, so the countries are trying to negotiate.
