Sen. Mike Rounds on Border Security, China Trade and Nafta 2.0

The transcript covers a range of topics including the continuation of government operations, the appropriations process, and potential challenges posed by the border wall and DACA. It discusses the farm bill and its implications for agricultural states, particularly in light of US-China trade talks. The impact of soybean trade with China is highlighted, along with concerns over intellectual property theft. The USMCA agreement is examined in the context of a divided government, and the challenges faced by agricultural banks in the Midwest are addressed.

What is the primary focus of the Republican agenda during the lame duck session?

• Education policy

• Continuing government operations and appropriations

• Environmental regulations

• Healthcare reform

What is a major concern for agricultural states in the US-China trade talks?

• Decreased demand for corn

• Reduction in soybean exports

• Higher taxes on livestock

• Increased tariffs on machinery

Why is China hesitant to buy soybeans from other countries?

• Higher prices and lower quality

• Political tensions

• Environmental concerns

• Lack of supply

What is a key issue in the US-China trade negotiations?

• Military alliances

• Intellectual property theft

• Tourism restrictions

• Climate change agreements

What is the stance of Democrats in the House regarding USMCA?

• They fully support it without changes

• They oppose it entirely

• They want changes before ratification

• They are indifferent to it

What is a potential outcome if USMCA is not ratified?

• Higher tariffs on electronics

• Improved relations with Canada

• Negative impact on the farm economy

• Increased trade with Europe

What challenge do agricultural producers face when borrowing money?

• High interest rates

• Lack of collateral due to years of losses

• Strict environmental regulations

• Limited access to international markets