Global Trade | St. Louis Public Radio

Global Trade

Friday is the deadline for U.S.-China trade talks. If they fail and China's 25-percent tariff on soybeans goes into effect, Missouri farmers will feel the impact.
jasonippolito | Flickr

The number of Missouri farmers who are pessimistic about the new year is double what it was at the same time in 2019, according to a new survey by the Missouri Farm Bureau. 

The poll of members showed that 14% of farmers have negative feelings about 2020, compared to 6% in 2019 and 3% in 2018.

A similar survey of farmers by Purdue University shows a comparable mood across the Midwest.

Friday is the deadline for U.S.-China trade talks. If they fail and China's 25-percent tariff on soybeans goes into effect, Missouri farmers will feel the impact.
jasonippolito | Flickr

Rural bank presidents in a 10-state area including Missouri and Illinois said the Trump administration’s trade war is hurting their local economies. And while they still back the president in getting tough on China, that support is waning. 

The information comes from Ernie Goss, professor of economics at Creighton University, who surveys small-town bank presidents to get their take on the local economy. 

STL Fashion startups face tariffs on Chinese imports
Melody Walker|St. Louis Public Radio

The burgeoning St. Louis fashion industry is bracing for the impact of the latest tariffs on goods from China.

Handbags, backpacks, luggage, hats and baseball gloves are just a few of the thousands of products covered in the latest round of U.S. tariffs imposed on goods imported from China. The 10 percent tax went into effect Sept. 24 and it will increase to 25 percent on Jan. 1.

Experts say consumers should expect to see higher prices before the end of the year.