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Detailed text transcripts for TV channel - CNN - 20180706:14:27:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20180706:14:27:00

Agriculture. these tariffs go to further the downward turn of the farm economy. it's going to affect far and wide in the agriculture community. >> what's the conversation? with other folks -- you are president of the soy bean association in missouri. what's the conversation with your fellow farmers? >> i think that we just need to carry on. do the best you can. get ahold of your elected officials and try to see if we can back this off. we're good at what we do. we grow a lot of soy beans. if we could sell china more as opposed to have them bump a tariff on us, we would be much more like that t...

Detailed text transcripts for TV channel - CNN - 20180706:10:07:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20180706:10:07:00

The farmers who will be hurt don't hurt at the polls as much. >> this is on the president's long-term to-do lust. he has a longstanding belief that trade imbalances are really simple. if you look at the countries or the states most likely to be hurt by these tariffs, iowa, soy beans, pork, nebraska, illinois, they are states that trump won handedly. these are states that trump relied on. i don't think they're playing clesz and thinking several years out. this is high takes.

Detailed text transcripts for TV channel - CNN - 20180706:15:01:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20180706:15:01:00

>> reporter: talking about stocks, look at the board. the dow is up 47 points. it seems like wall street is taking a wait and see approach, despite the fact that the trade tensions have ramped up overnight. the thinking is that perhaps there could be some sort of compromise reached between the u.s. and china. here is the thing. as this game of chicken plays out, these tariffs have been threatened by china, tariffs on high value american exports, cars, crude oil, cash crops like soy beans and poultry. if demand drops for the meamerin products sold in china, guess who will be hurt. u.s. companie...

Detailed text transcripts for TV channel - CNN - 20180706:15:07:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20180706:15:07:00

The chinese trade practices have hurt the united states, have not been fair to the united states. how the president is going about it as you can see is going to hurt some smaller companies and some companies that are right in the crosshairs of this. soy bean farmers, on your list, you had products, the revenge tariffs. soy beans are one of them. not only is this hurting us said the farmers, because one in every three rows of soy beans are exported and 60% go to china, but what they pay for equipment will go up because of the higher cost of the steel and aluminum that's in the things they are m...

Detailed text transcripts for TV channel - CNN - 20180706:14:28:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20180706:14:28:00

That goes to equipment that we buy. it's a double-edged sword. it gets us coming and going. we don't make any money on our soy beans. then we have to pay more money for our equipment. it's double painful. like i said, if we could sell them more instead of charging a tariff, we would be all for that. >> how much success have you had in getting that message through to your lawmakers who i know you would like to bring that message to the president? >> i think the missouri delegation, both in jefferson city and washington is into agriculture as a whole. i think they are aware of our situation. it'...