WIUM Tristates Public Radio

trade war

The U.S. trade war with China has created a financial burden for farmers and companies that import Chinese goods. Consumers, on the other hand, have mostly been spared from the conflict.

That could all change if this month’s negotiations between the U.S. and China don’t go well.

The U.S. trade war with China, now approaching a year, is often framed as hurting manufacturing and agriculture the most. But that’s mainly collateral damage in an international struggle over power and technology that has its roots in the Cold War, when China was still considered a largely undeveloped country.

The corn and soybeans growing in Glenn Brunkow’s fields in the rolling Flint Hills north of Wamego, Kansas, got some much needed rain recently and look healthy.

Brunkow has reason to expect a good harvest, but the way things are looking globally, he’ll lose money on the crop. Trade disputes with China, Mexico and Canada threaten to slash U.S. food exports by billions. About half the soybean crop goes overseas, most of that to China — and since mid-April, soybean prices have plunged about 20 percent and corn about 15 percent.