The latest trade dispute between the United States and China has created even more uncertainty in a network of local companies says a report at The Columbian.
China this month responded to the Trump administration’s steel and aluminum tariffs by stamping a 25% duty on nearly 130 U.S. products, ranging from fruits and nuts to cars and trucks.
Among those products are soybeans — a crop mainly grown in inland states, but with a supply chain woven through the Pacific Northwest. If enacted, the tariffs would hit farmers hard, but also transporters and processors.
United Grain Corp., headquartered in Vancouver, WA, operates the largest grain elevator on the West Coast at the Port of Vancouver and said it is already seeing effects of tariffs talk. Unlike its wheat, United Grain exports its soybeans almost exclusively to China.
Read the full article here.
