It’s well-known that the Trump administration plans on more tariffs, or taxes on imported goods, as a negotiation tool with other countries. The challenge to U.S. agriculture is what happens if and when other countries respond with tariffs of their own.
Chuck Nicholson, an associate professor in agricultural economics and dairy science at the University of Wisconsin, talks about whether there are benefits to using tariffs in trade policy.
Continue reading Dairy Economist Models The Pros & Cons Of Tariffs at Mid-West Farm Report.
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