Newsweek reported that Caleb Ragland, who is president of the American Soybean Association, recently wrote an essay published in conservative journalist Bari Weiss' The Free Press about how the new import taxes Trump imposed on China are affecting his business. He pointed out that because tariffs on China have skyrocketed, his farm will likely go under by 2027 if current trade duties stay constant.
"Like many of my fellow farmers, I voted for President Donald Trump in the past three elections. The president won me over with his commitment to business-friendly tax cuts as well as his track record of reducing regulation and cutting government spending," Ragland wrote.