How Strikes, Tariffs, and Trade Relations with China Impact American Agriculture
The International Longshoremen’s Association announced that they had reached an agreement to end their strike on the evening of October 3rd. This episode of The Business of Agriculture was already recorded and set for release on October 7. Given the tenuous state of affairs between the ports, shippers, and the union — along with the fact the agreement is temporary — I believe this topic and my take on it is still relevant and timely.
Please give it a listen, especially paying attention to the historical comparison. We’ve been here before in the late 1970s and early ’80s. Strikes, job loss fears, inflation, commodity glut, low Ag prices, global conflict, trade spats... The similarities are eery.
Team those issues with an increasingly aggressive China whose economy is rapidly slowing along with political turmoil on the home front and things look a little dicey. Troubles on the trade front aren’t going away as protectionist policies are likely to ramp up. Watch or listen to this and be prepared!
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