Wednesday night President Trump told congress and the nation he is working with China to come up with a fair deal for both American farmers and Chinese buyers.
“We are now making it clear to China that after years of targeting our industries and years of stealing our intellectual property the theft of American jobs and wealth has come to an end,” said Trump.
But, President Trump said in order for a truce to be finalized it needs to have fair trade practices.
“It must include real structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs,” said Trump.
Ryan Jacobsen is the CEO for the Fresno County Farm Bureau. He said China has imposed dramatic tariff’s on California agriculture products.
“Tariffs that are 40 to 60 percent,” said Jacobsen. “What those tariffs do is obviously makes it more difficult for the consumer in those foreign countries to buy those products.”
Jacobsen said China is a very important trading partner and word of a possible truce is long overdue.
“So, China is our number three trading partner when it comes to California agriculture,” said Jacobsen. “About every single item that you can imagine that we produce here locally is shipped over there.”
Jacobsen said it sounds like both China and America want this trade war to end. That way everyone can move forward and continue doing business for years to come.