BISMARCK, ND (KXNET) — North Dakota farmers are in the heart of the harvest, and combines will soon be rolling through North Dakota's soybean fields. Many farmers throughout the state have remained hopeful for a trade deal between the U.S. and China. However, as the harvest looms, there are several areas of concern.
President Donald Trump announced an additional 100% tariff on Chinese goods on October 10 via his Truth Social. The tariff hike, which President Trump says will go into effect on November 1, comes in response to new Chinese regulations on rare earth minerals, a move President Trump highly criticized. The President has since implied he may cancel a meeting with China's President Xi Jinping scheduled for the end of the month in South Korea.
This escalation follows the finalizat