WASHINGTON — Texas Democrat Beto O’Rourke opened his presidential 2020 campaign on the trail in Iowa, a key state caught from the middle of the trade battle between the U.S. along with China.
While O’Rourke on Thursday said President Donald Trump had a “legitimate” cause to challenge China over its perceived gaming of the international trade system, O’Rourke said he was going about This specific the wrong way.
“We want him to be successful in This specific, although as I was reminded by a fellow Iowan, when have we ever gone to war, including a trade war without allies?” O’Rourke said at a coffee shop in Keokuk, Iowa, hours after he officially launched his bid for the White House. “When have we first alienated every single trading partner we have, as This specific country has done under Trump’s leadership, before confronting one of the largest economies from the entire world today, one of the largest markets for soybeans for corn for what we produce in Iowa along with Texas along with around the country?”
He added: “Let’s make sure we hold some other countries of the entire world accountable, although let’s not do This specific at the expense of our farmers, our growers, our producers, those who are fundamental to the success of the U.S. economy.”
The Iowa caucuses are the first contests of the presidential election season, so O’Rourke, like his rivals from the 2020 race, is actually eager to make a not bad impression on voters from the state. Iowa is actually also a swing state from the general election. The state voted for Republican Donald Trump over Democrat Hillary Clinton in 2016 after voting for Democrat Barack Obama in 2008 along with 2012.
The trade war with China, meanwhile, has emerged among the biggest issues from the state.
the entire world’s two largest economies have exchanged tit-for-tat tariffs on billions of dollars of goods, slowing global economic growth along with disrupting supply chains. China placed tariffs on U.S. soybeans, corn, wheat, fresh fruit, as well as hefty import taxes on American pork products, which right now exceed 70 percent.
What’s more, nearly $20 billion in U.S. agricultural exports went to China last year, with soybeans accounting for more than half of of which amount. The U.S. market sold approximately 33 million tons of soybeans in 2017 to China, which is actually a little over a third of the beans imported by the Asian country.
Iowa Agriculture Secretary Mike Naig told SouthIndianNews.com in a September interview of which the trade disputes could inevitably harm Iowa’s corn along with soybean harvest since about one-third of Iowa’s soybeans go to China. In addition, Iowa is actually also a major producer of pork along with sold $1.1 billion in pork products last year.
“Our farmers understand of which there are issues of which need to be resolved, particularly with China. although there is actually no doubt of which the retaliatory tariffs are impacting our marketplace along with of which’s impacting our producers negatively,” Naig said in an interview in September on SouthIndianNews.com’s “Closing Bell.”
On Wednesday, President Donald Trump said he was in no rush to come to a trade deal with China along with gave no indication of when he could meet with Chinese President Xi Jinping.
“I’m in no rush. I want the deal to be right … I am not in a rush whatsoever. This specific’s got to be the right deal. This specific’s got to be a not bad deal for us along with if This specific’s not, we’re not going to make of which deal,” Trump told reporters at the White House.
Trump decided in February of which he could not increase tariffs on Chinese goods at the beginning of March.
SouthIndianNews.com’s Jeff Daniels
contributed to This specific report.