• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Politics

Congress exposes China’s potential loophole for Trump tariffs: ‘Drawing a line in the sand’

by March 7, 2025
March 7, 2025

Lawmakers on both sides of the aisle are coming together to crack down on Chinese-backed companies’ ownership of land in the continental U.S.

It comes as the Trump administration appears on the precipice of a trade war with Beijing, as China promises to retaliate against what its foreign minister called ‘arbitrary’ tariffs from Washington.

‘It is in the interest of the United States to review purchases of American farmland by foreign entities to protect our farms and agricultural production from our foreign adversaries, especially China,’ Rep. Randy Feenstra, R-Iowa, the House Republican leading the bill, told Fox News Digital.

‘But for far too long, our government has repeatedly failed to enforce the laws on the books, monitor foreign purchases of our farmland, or assess financial penalties on those who break our laws.’

The bill is also being led by Rep. Kristen McDonald Rivet, D-Mich., and in the upper chamber by Sen. Joni Ernst, R-Iowa.

It would direct the Committee on Foreign Investment in the United States, a body tasked with analyzing the national security implications of specific foreign investments in the U.S., to review any purchase of American farmland by a foreign entity that exceeds 320 acres or $5 million.

The bill is also aimed at establishing a public database on foreign ownership of U.S. farmland through the U.S. Department of Agriculture (USDA), and requires the Secretary of Agriculture to partner with the Secretary of Homeland Security on an annual threat assessment report on foreign ownership of U.S. farmland.

‘Allowing China or other foreign competitors to buy up large swaths of American farmland puts our national security and food supply at risk,’ McDonald Rivet told Fox News Digital. ‘This bill is a key step towards protecting American interests from falling into the hands of bad actors abroad, especially China.’

Ernst blamed the U.S. government’s ‘outdated system’ for allowing ‘China’s malign influence to threaten our security by buying up our nation’s land.’

‘I’m drawing a line in the sand to overhaul this flawed way of doing things, increase reporting and transparency, strengthen oversight of the influence of our foreign adversaries, and force the sale of foreign-owned land,’ Ernst said.

No foreign country directly owns U.S. land, but Chinese-backed companies own a small fraction of American farmland – a number that has risen considerably in recent years.

A 2023 plan by Chinese company Fufeng Group to buy land near a sensitive military base in Grand Forks, North Dakota, alarmed lawmakers and other federal officials, and was blocked over national security concerns.

Chinese entities’ ownership of U.S. farmland went up 30% between 2019 and 2020, according to a 2021 USDA report.

Meanwhile, China recently warned it was ready for a war over export taxes with the U.S. after President Donald Trump levied an additional 10% tariff on Chinese goods just days after returning for his second term.

‘If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,’ China’s embassy posted on X.

Chinese-backed companies currently own 384,000 acres of U.S. farmland, according to the most recent government data.

This post appeared first on FOX NEWS
previous post
US continues to share data to protect Ukrainians against Russian strikes, despite intel pause: sources
next post
Trump’s authority to fire officials questioned in court battle over NLRB seat

Related Posts

Trump pushes ‘Big, Beautiful Bill’ as solution to...

June 3, 2025

Trump administration open to allowing Iran to continue...

June 3, 2025

Trump’s fresh White House portrait sparks interest amid...

June 3, 2025

Puerto Rico permits nonbinary gender marker on birth...

June 3, 2025

South Koreans cast votes for new president to...

June 3, 2025

Rand Paul says he would support ‘big, beautiful...

June 2, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • The Best Five Sectors, #21

      June 3, 2025
    • What’s Next for Dollar Tree, CrowdStrike, and Broadcom? Watch These Setups

      June 3, 2025
    • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

      June 3, 2025
    • Trump administration open to allowing Iran to continue some uranium enrichment: report

      June 3, 2025
    • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’

      June 3, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    RFK Jr. to face key committee vote that...

    February 4, 2025

    ‘Fulfill the mandate’: New election integrity report calls...

    February 6, 2025

    204 House Dems vote against bill to give...

    January 23, 2025