“The President’s reckless trade wars are hurting consumers, business owners, retailers, manufacturers, and farmers all across the country – regardless of the state you live in or your political affiliation,” said Senator Carper. “In Delaware, shipments of steel and aluminum are the fourth largest import cargo arriving at the Port of Wilmington. And while we may be a small state, Delaware is an agricultural powerhouse, with 41% of the state’s total land devoted to farming. Haphazardly slapping tariffs on these products has put Delawareans and our regional economy in the crosshairs of a trade war where everyone loses. But today, with members from both sides of the aisle speaking out, I’m hopeful that we can prevent further damage from being done and put hard-working farmers, small business owners and manufacturers first.”
Last year, the price of soybeans – one of Delaware’s largest agricultural commodities – plummeted nearly 20 percent in just two months. Today, soybean prices continue to remain low and threaten Delaware’s farming industry.
“Last July, when the tariffs were placed on steel and aluminum imports into this country, and China placed retaliatory tariffs on United States soybeans going into China, that started a slide in the value of the commodity that I produce – soybeans - of 20 percent,” said Wilkins. “On top of that, we rely upon steel and aluminum in the products that we need to run our businesses. We’ve seen 25 percent increases in the cost of some of those we have to purchase … Our message is please rescind these tariffs today.”