Warner, Kaine: Trump trade war with China hurts Virginia

Mark Warner, Tim Kaine on continuing resolutionU.S. Sens. Mark Warner and Tim Kaine (both D-VA) comment after President Trump escalated the ongoing U.S.-China trade war by imposing a 25 percent tariff on $200 billion worth of Chinese exports.

In retaliation, China announced that it is raising tariffs on $60 billion of U.S. products beginning on June 1.

“It’s been more than a year since President Trump first launched a haphazard, ill-planned trade war with China that raised taxes on a number of Virginia commodities. The escalation means continued uncertainty for Virginia’s soybean farmers, who continue to brace for the worst every time the word ‘tariffs’ is said in the Oval Office. With the Trump Administration slapping China with additional tariffs and China planning to hit the U.S. right back, there seems to be no solution in sight,” said the Senators. “It’s one thing to be tough on China’s unfair and illegal trade practices, but the longer this disastrous lack of a strategy continues, the more it’ll cost and the more of an impact it will have on Virginians’ bank accounts.”

Sens. Warner and Kaine have raised concerns about how President Trump’s ongoing trade war could hurt Virginia businesses and families. According to the Virginia Department of Agriculture and Consumer Services (VDACS), China is Virginia’s number one agricultural export market for soybeans. In 2018, Virginia exported more than $58 million soybean products to China – an 83 percent decrease from 2017.

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is now available at a special pre-sale discounted price of $20. The book is expected to ship by June 10, 2019, and will retail for $25.
Pre-order for $20: click here.


The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.
 
augusta free press

Related Content

Shop Google


Comments

%d bloggers like this: