President Donald Trump has signed orders imposing new tariffs on imported steel and aluminum, excluding Canada and Mexico. According to an analysis conducted by economists with the University of Arkansas System Division of Agriculture, if other trade partners inflict a 25 percent retaliatory tariff on U.S. grain crops it could mean $383 million in overall value-added losses to Arkansas agriculture. Dr. Eric Wailes, distinguished professor of economics for the University of Arkansas System Division of Agriculture, discusses the analysis and why agriculture could be a target for retaliation.
Eric Wailes, Ph.D
L.C. Carter Endowed Chair
Agricultural Economics and Agribusiness
University of Arkansas System
Division of Agriculture