Illinois Congressman Calls on President Trump to End Trade War with China

Congressman Eric Sorensen is leading the Illinois delegation in calling on President Donald Trump to take immediate action to end the trade war with China, citing its devastating impact on the Illinois and American farm economy. With trade talks scheduled to take place this week, Sorensen and other members of the Illinois delegation are urging President Trump to reach an agreement that will save American farmers from financial ruin. The letter is endorsed by the Illinois Soybean Association and the Illinois Farm Bureau, and highlights the importance of China as a market for American soybeans, which purchased $12.6 billion in U.S. soybeans last year.

Key Takeaways:

  • Congressman Eric Sorensen is leading the Illinois delegation in calling on President Trump to end the trade war with China.
  • The trade war has had a devastating impact on the Illinois and American farm economy, with soybean exports in Illinois down 18% on the year.
  • China purchased $12.6 billion in U.S. soybeans last year, accounting for 52% of all American soybean exports.
  • In Illinois, 50% of international soybean exports went to China, making it a critical market for American farmers.
  • Without a trade deal, American farmers will suffer devastating, billion-dollar losses.
  • Farm bankruptcies have nearly doubled from the previous year, highlighting the urgent need for a trade deal.
  • The letter is endorsed by the Illinois Soybean Association and the Illinois Farm Bureau.

Statistics:

  • $12.6 billion: the amount of U.S. soybeans purchased by China last year.
  • 52%: the percentage of all American soybean exports purchased by China last year.
  • 18%: the decline in soybean exports in Illinois on the year.
  • 50%: the percentage of international soybean exports from Illinois that went to China.
  • $1 billion+: the estimated billion-dollar losses for American farmers without a trade deal.
  • 100%: the increase in farm bankruptcies compared to the previous year.

Sources:

  • Congressman Eric Sorensen (IL-17)
  • United States House of Representatives
  • Illinois Soybean Association
  • Illinois Farm Bureau