Guest column: Trump needs to reconsider tariffs

Soybean farmers are perhaps the most vulnerable to Chinese retaliation as nearly one in every three rows of soybeans grown in the U.S. is exported to China – valued at $14 billion every year. Already, soybean prices have dropped dramatically since China’s promise to slap a 25-percent tariff on U.S. soybeans, among other commodities and goods. Although China has a growing appetite for American agricultural products, its plan to retaliate on soy, beef and pork will have a damaging effect on Iowa’s farmers and the state’s economy.