American farmers struggle to stay afloat amid floods and trade war

News Image

MG News | August 14, 2019 at 01:25 PM GMT+05:00

0:00

Aug 14, 2019: Caught in the middle of a trade war and hammered by massive spring floods, American farmers are facing a tough year and worry about their future, yet some still trust President Donald Trump.

The situation worsened last week when Beijing halted purchases of US farm crops in retaliation for Trump's vow to put tariffs on Chinese imports.

It's "a body blow to thousands of farmers and ranchers who are already struggling to get by," said Zippy Duvall, president of the Farm Bureau, the country's largest agricultural association.

"Now we stand to lose all of what was a $9.1 billion market in 2018," he said in a statement, noting that exports had already dropped dramatically from the $19.5 billion sent to China in 2017.

Trump's Democratic rivals in next year's presidential election have seized on the trade war, with former vice president Joe Biden saying the dispute "is going to cause a lot (of people) to go bankrupt" during a stop last week in Iowa, an agricultural state that backed the president in the 2016 election.

Trump shrugged off the criticism on Tuesday, saying the blame for the hardship lies with the Chinese.

"They've said they're going to buy farm products. So far, they've disappointed me with the truth," he said.

AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 161,631.73
408.94M
3.13%
4898.86
ALLSHR 98,254.73
951.34M
2.71%
2590.07
KSE30 49,377.29
213.50M
3.40%
1624.91
KMI30 232,700.28
121.13M
2.88%
6525.03
KMIALLSHR 64,179.60
399.93M
2.39%
1496.52
BKTi 46,334.17
105.09M
5.56%
2441.42
OGTi 31,362.73
10.58M
1.56%
482.31
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,880.00 111,630.00
107,835.00
2925.00
2.73%
BRENT CRUDE 64.58 65.15
63.81
0.21
0.33%
RICHARDS BAY COAL MONTHLY 86.00 86.00
86.00
-1.90
-2.16%
ROTTERDAM COAL MONTHLY 96.50 99.00
96.50
-2.70
-2.72%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.88 61.38
59.99
0.31
0.51%
SUGAR #11 WORLD 14.42 14.49
14.20
0.14
0.98%

Chart of the Day


Latest News
November 01, 2025 at 12:19 PM GMT+05:00

Sindh boosts wheat sowing with Rs55bn farmer aid


November 01, 2025 at 10:45 AM GMT+05:00

Pakistan’s debt to drop to 63% of GDP by 2028


November 01, 2025 at 10:11 AM GMT+05:00

Tax filings hit record 5.9m as of October 31


November 01, 2025 at 10:01 AM GMT+05:00

Govt raises petrol, diesel prices



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg