Soybean Sales to China Plunge: Farmers Suffer as Argentina Gains, Trump’s Policies Questioned
Soybeans Were America’s Biggest Export to China. Now, Sales Are Down to Zero.
It’s a stark reality: America’s soybean farmers are facing a crisis. What was once a thriving export market to China, the world’s largest consumer, has dwindled to nothing. The shift is almost palpable, a complete turnaround from a time when U.S. soybeans were a staple on Chinese tables and in their economy.
What’s driving this dramatic change? Well, let’s start with the tariffs, those imposing import taxes that fundamentally altered the trade landscape. These tariffs, were put in place, and they made American soybeans significantly more expensive for China.… Continue reading
Matt Underwood