The latest Purdue Univ/CME Group AG Economy Barometer: almost half of farmers think a trade war leading to a significant decrease in US AG exports is “likely” or “very likely.”
in Trump’s 1st term -trade war with China in 2018 cost the #AG IDU >$27B, & soybeans made up virtually 71% of annualized losses.
That trade war has caused lasting damage. The US has yet to fully recover its loss in market share of soybean exports to China.
#Tariffs #Trump #Resist #USPol https://www.cnbc.com/2025/03/11/how-trumps-trade-policy-is-putting-pressure-on-us-farmers.html