CLARKSVILLE, Ohio — Farmers like Dale Settlemyre in Clarksville are feeling the impact of the ongoing trade war between the United States and China.
Settlemyre grows soybeans, the largest agricultural export in the country. He said when U.S. tariffs on Chinese exports spiked in April, China retaliated with its own tariffs and stopped buying soybeans from the U.S.
"Our board of trade prices is less because demand has been reduced," Settlemyre said.
According to the Ohio Soybean Association , China is the top buyer of U.S. soybeans by a wide margin.
However, profits for farmers have dwindled now that China is buying from other countries like Brazil and Argentina.
U.S. tariffs on Chinese exports spiked to 135%. Here's what it means for farmers
"They can go to South America and buy the