Donna Grain Trader Concerned about Effects of New Tariff

4 years 2 months 2 weeks ago Monday, July 09 2018 Jul 9, 2018 July 09, 2018 8:41 PM July 09, 2018 in News

DONNA – A Donna grain trader is concerned about the potential effect of the new tariff placed on American soybeans.

Last week, the People’s Republic of China placed a 25 percent tariff on soybeans imported from the U.S.

"Trade wars don't benefit anyone. Maybe the outcome will, but in the meantime there's going to be a lot of pain," says Octavio Garcia, a local grain trader.

Garcia believes the trade war with China will have a significant impact on the agricultural community in South Texas.

KRGV’s Frank McCaffrey spoke with experts in Washington about what can be done to address the issue.

Watch the video above for the full story.

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