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US cotton farmers anxious about ongoing trade war with China

American cotton farmers are worried about the trade war with China. The US cotton market has been fluctuating because of the dry weather and rain or no rain and the threat of tariffs. Currently, cotton is at a good price due to high demand and the rough weather conditions making it less available. But farmers feel it's only a matter of time before this changes and that if something is not done now it could be worse later. They feel China has had enough control already and it’s time for the US to do something.

The feeling is the trade war will not impact farmers in the short term, however, over time long-term consequences are feared. If every year prices are about six or seven per cent lower because of the tariffs prospects are not seen as good for US cotton. In response to the US’ 25 per cent tariff placed on Chinese goods, China has placed a 25 per cent retaliatory tariff.

China wants the US to set aside threats of tariffs on Chinese goods and US investment restrictions on Chinese companies. China also wants a relaxation of US export controls that ban American firms from selling certain high-technology products to China.

 
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