National Ag News
Addressing the trade deficit without hurting the ag surplus
May 2, 2017, 13:48 PM
by
System
An ag group agrees that the President needs to address the trade deficit, but doing so without hurting the ag surplus could become a challenge.
The president of the National Farmers Union says as President Trump focuses on trade, he needs to address the trade deficit.
Roger Johnson says is is debilitating to the nation’s economy. “It’s over a half a trillion dollars a year,” he says. “It’s a 3 percent drag on our GDP, it’s 2 to 5 million jobs that don’t exist in the US.”
But, he tells Brownfield – the trade deficit can’t be fixed if the ag trade surplus is broken in the process.
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