The Trump administration’s tariffs, a 25 percent duty on $ 34 billion worth of Chinese goods, are set to take effect 12:01 a.m. EST on Friday. Beijing has said it would retaliate immediately with tariffs of its own.
President Donald Trump first proposed tariffs last March in an effort to fix what he deemed unfair trading practices and help both American consumers and business owners. Tariffs against Canada, Mexico and the European Union went into effect on June 1. Since then, Mexico, Canada and the European Union have issued retaliatory tariffs of their own, targeting items such as agricultural products, steel, motorcycles and spirits.
Guernsey said he’s already seeing the negative effects play out in the farming community. Mexico, he said, is one of the top partners for beef products. “And we can’t afford to lose that market whatsoever,” Guernsey said.
The farmer, who also served as a Missouri state representative, said he was planning on building a new barn this year, but said it’s now no longer economically feasible. Among his farm customers in Missouri, he said many are selling off their breeding stock.
“And that has long-term implications, not just for their farm, but for ours and for the entire community,” Guernsey said.