(BISMARCK, ND) – Dan Eberhart, one of Kevin Cramer’s major out-of-state backers and his fundraising vice chairman, announced that his oilfield services company is set to raise prices on customers – a result he blames on the trade war and the increasing price of steel imports.
Cramer’s trade war is threatening markets across North Dakota. But Cramer is too busy kowtowing to the administration’s reckless trade agenda to care. Here’s a snapshot of what’s happening as a result of the Cramer-endorsed trade war:
- “It’s a disaster […] We literally might be piling the beans on the ground with no one wanting to buy them and nowhere to sell them.” – Justin Sherlock, Mayor of Dazey, ND and soybean farmer
- “I’ve been doing this for 46 years […] Right now, I am the most scared I’ve ever been as to where the future of farming is going.” – Randy Richards, Steele County president for the North Dakota Farmers Union
- “This price that we’re at today … we’re below any potential for profit […] We’re looking at losses.” – Monte Peterson, Valley City-area farmer
- The trade war and talk of it has “already snipped 20 percent off of soybean farmers’ bottom line.” – Mark Watne, North Dakota Farmers Union President, according to the Williston Herald
- “Agriculture will be the casualty in a trade war. […] The tariffs on steel and aluminum will greatly affect Dakota farmers, especially corn and soybean farmers. […] Trade wars are economic self-mutilation.” – Terry Ulrich, fourth generation ND farmer
- “There is no doubt that it will affect our bottom line […] North Dakota is a producing state, not a consuming state, so we need free trade.” – Ryan Pederson, Rolette farmer
- HEADLINE: Bismarck Tribune: North Dakota to lose a lot in trade war
- HEADLINE: Grand Forks Herald: North Dakota manufacturers left to weather uncertainty of trade war
- HEADLINE: Forum: North Dakota agribusinessman tells Pence he can’t sell enough grain
- HEADLINE: Brownfield Ag News: China To Import Less Soybeans For First Time In 15 Years
- HEADLINE: Washington Post: China to cancel more U.S. soy shipments as extra tariffs loom
- Nationwide, if all tariffs announced thus far were fully enacted, U.S. GDP would fall by $150.6 billion in the long run.