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Agriculture concerned tariffs will be part of Trump trade agenda

The return of Donald Trump to the White House has some in agriculture concerned tariffs will be a part of the incoming administration’s trade approach. 

Compeer Financial vice president of legislative affairs Perry Aasness says President Trump has a track record of using tariffs, but it’s unclear if that tactic will be used again.

“He’s made the point that tariffs can be a great negotiating tool for trade agreements. If that’s the approach, if that’s the ultimate goal, great. If we’re looking at a situation where massive tariffs are going to be placed on the economy, we know from historical past that oftentimes agriculture is the one that gets the brunt of it in the U.S.”

He tells Brownfield the next administration will need to get serious on trade.

“By opening new markets for agriculture products.”

Brownfield interviewed Aasness at the Minnesota AgriGrowth Ag and Food Summit in Minneapolis Thursday.