• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
FinanceTariffs

How Trump’s Tariffs Are Squeezing His Farmer Support Base

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
April 18, 2018, 2:37 PM ET
Add Fortune on Google for similar content.

Farmers helped carry President Donald Trump to White House.

But as the former businessman threatens to unleash a global trade war, the same farmers are now forced to come to terms with how up to $150 billion in proposed tariffs on Chinese goods, and subsequent backlash from the Middle Kingdom, could hurt their livelihood.

“Things out here right now are tough already. We are already barely making ends meet,” says Daren Niemeyer, a 49-year-old farmer in Nebraska who voted for Trump in 2016, when asked about his thoughts of the trade war tensions between China and the U.S.. “It’s just kicking us while we are down.”

It’s a tense time for U.S. farmers, who could be in for rocky times as the U.S. and China heat up talks of tariffs. On Tuesday, China’s Commerce Ministry ramped up the trade dispute, saying it would impose a temporary 178.6% anti-dumping duty on U.S. sorghum imports. Those charges, which are also thought to be in retaliation to Trump’s proposed tariffs, are expected to hit on Wednesday.

That’s on top of existing tariff proposals. Among other agricultural goods, Niemeyer grows soybeans and beef cows—two of the 106 U.S. products China said in early April would be subject to a 25% tariff. If those taxes come to pass, Niemeyer thinks China will seek soybeans elsewhere in the world, leading to a glut in supply.

For the Nebraskan farmer, it’s a worrying thought. His income would fall at a time when funds are already tight on the farm. Earlier this year, an all-important piece of machinery used to harvest grain crops on Niemeyer’s farm—the combine—broke. Rather than replacing the combine with an upgrade, Niemeyer downgraded to fit a smaller budget: The broken 2008 model was replaced with a 2005 combine.

Soon, Niemeyer may also have to replace his 21-year-old tractor—but with the threat of a trade war with the country’s biggest soybean customer, “it might need to hold on for at least another few more years,” he said.

For 58-year-old Wanda Patsche, a hog and soybean farmer in Southern Minnesota, the daily uncertainty is troubling.

“I’m just really discouraged by what I hear,” she said, adding that she had been optimistic about the new administration and what it could do for the agriculture sector. “But with the NAFTA thing one day, and then things are going good. And then the next day you wake up, and you hear we’re going to put tariffs on Chinese goods. Oh my goodness. It’s like we’re a ping pong ball.”

Patcsche is still hopeful that the commander-in-chief is doing as many say he must be—negotiating in order to get a better deal on intellectual goods with China. But for now, the trade war talks, alongside Trump’s regular tweets about potentially ramping up proposed tariffs, has made it more difficult for her to operate. Patcsche is now in the process of pricing her soybeans to be harvested later this year and in 2019—but prices continue to fluctuate in part due to trade war fears. So she keeps a constant eye on the market. If she sells her soybeans at the wrong time, she could reap in less than expected.

“We are just being put through a lot of drama to get to that point,” says Patsche. “When you hear that rhetoric. It just gives us a lot of uncertainty. It makes it more stressful.We hope the tariffs are short lived. ”

The products chosen by Bejing were no random choices. It sought to hit where it hurt the most—Trump’s voting bas—in retaliation of a proposed $50 billion worth of tariffs the White House announced in March.

For his part, Trump has argued that the tensions between China and the U.S. won’t devolve into a full blown trade war. Instead, he says he is negotiating better trade terms with China, and pushing Chinese officials to protect foreign companies’ intellectual property rights. The proposed tariffs, he says, are just leverage.

Nevertheless, it’s a source of frustration for farmers who say they are caught in the middle of a fight not about them. While the trade deficit in the U.S. has irritated the U.S. president, farmers point to agriculture as one of the industries where the U.S. has consistently posted a surplus of exports, totaling about $20 billion in 2016, according to the U.S. Department of Agriculture.

That’s not to say the farmers think a trade war is imminent—or that they have lost faith in Trump.

“The tariffs are concerning, but at the same time, I want to look long term. I want to be sustainable 10 to 15 years from now,” said John Canary, a 34-year-old farmer in Indiana.

Certainly, China may turn to other soybean-producing countries such as Brazil, where it is already paying a higher price. But at least in the near term, those countries may not be able to handle the demand—in turn buying from the U.S. producers.

But what is for certain: Such tariffs will be painful for the economy of both China and the U.S.

“The annual loss in U.S. economic well-being would range between $1.7 billion and $3.3 billion,” Wally Tyner, Purdue University Agricultural Economics Professor, noted in a study. “Chinese economic well-being also falls if they impose a tariff, in some cases as much or more than for the U.S. The reason for that is that soybean imports are very important to their domestic economy.”

Moreover, it’s hard to say that the trade war dispute will end quietly or without more uncertainty for the farmers. Chinese President Xi Jinping has been consolidating his power recently, reason to believe the leader will seek to display strength, says Gary Hufbauer of the Peterson Institute for Economics. For farmers, that could mean more of the fear-inducing rhetoric between the two nations that has kept the price of goods such as hogs and soybeans rocky in recent weeks.

When asked whether he would vote for Trump again during the 2020 elections, Niemeyer pauses—and then clarifies that while he voted for Trump, he was not 100% behind the candidate—but thought him better than the alternatives.

“I can’t say one way or the other—we’ll have to look at what the evil looks like, I guess,” he said.

And as for Trump—his report card is being written as he tweets.

“He billed himself he was a great negotiator,” Niemeyer said. “Now, we will see.”

About the Author
Lucinda Shen
By Lucinda Shen
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California.
RetailSpaceX
Elon Musk was the world’s first trillionaire for 12 days
By Eva RoytburgJune 24, 2026
2 hours ago
President Donald Trump pictured in September 2025 signing an executive order that overhauled the H-1B visa program.
EconomyImmigration
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
By Tristan BoveJune 24, 2026
3 hours ago
t
PoliticsDonald Trump
Trump holds landmark affordable housing bill hostage over his pet issue: The ‘national emergency’ of voter ID
By Mary Clare Jalonick and The Associated PressJune 24, 2026
6 hours ago
s
BankingScott Bessent
Scott Bessent calls Mamdani ‘leader of the Democratic Party,’ touts weekly Warsh breakfasts and a new push to put every American in the stock market
By Nick LichtenbergJune 24, 2026
7 hours ago
a
RetailAmazon
Amazon’s record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
7 hours ago
rd
AsiaChina
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
8 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
15 hours ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
7 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
By Nick LichtenbergJune 24, 2026
8 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.