Thursday, March 22, 2018

Trade Uncertainty

Agriculture trade is very important to countries around the globe. There are many things that can impact trade including countries imposing tariffs and quotas. This week there has been a lot of talk about tariffs being placed on products between China and the United States. The attached article gives a brief summary and includes a video explaining the current situation between China and the United States. We encourage you to watch the video, read the article, and utilize the discussion points below to guide conversations around the globe?

Tariffs for China and U.S. Goods

Discussion Points

  • Explain what a tariff is. If you need to do additional research that is fine.
  • Why is the U.S. considering tariffs on China? Why is China considering tariffs on the U.S.?
  • What is the potential impact to agriculture in the two countries (markets, supply, etc.)?
  • How might this "trade war" impact your home country? Your home state?
  • How might this situation impact countries around the world besides China and the United States?
Discussion tip: Note that the discussion points above do not include any political figures or parties. Try to keep the discussion to trade policy and agriculture markets.

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