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A trade war will harm American growers and the biotech firms who help them increase productivity, according to the Biotechnology Innovation Organization (BIO).
President Trump sparked fears of a global trade war on April 2, when he announced a baseline 10% tariff against all countries plus reciprocal tariffs of as much as 50% for many countries. He changed course, for the most part, on April 9, announcing a 90-day pause on most reciprocal tariffs while raising tariffs on China to 125%.
China responded with identical counter-tariffs…