WFYI Indianapolis

Faculty Fellow Jeff Bergstrand (finance and economics) told wfyi Indianapolis that President Trump's trade war with China is hurting Indiana farmers.

“By starting this trade policy war, the biggest losers are going to be any states such as Indiana that has a lot of tradeable goods; does a lot of exporting,” he said.

Federal relief money won't help farmers - or others - in the long term, he added.

“We have to borrow more money,” he said. “This tends to raise interest rates. That hurts farmers too. I mean, are they going to be compensated for a higher interest rates for borrowing costs in order to purchase capital goods and the equipment that they need in a very capital intensive industry?”

Read the full article here.


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