🌾 Tariffs Recast Global Ag Trade: Fertilizer & Beef Win, Soybeans Lose 🌍💹
The Trump administration’s November 2025 tariff adjustments are reshaping agricultural markets, lowering duties on fertilizers, beef, coffee, and tropical fruits to support U.S. agribusiness. Winners include fertilizer producers, who benefit from cheaper imports and improved margins, and beef exporters, now gaining stronger access to Southeast Asian and Latin American markets. However, soybean and dairy exporters face setbacks as China’s retaliatory tariffs push U.S. shipments down an estimated 8–15%. Farmers dependent on imported machinery and chemicals are also confronting higher input costs. Overall, the U.S. agricultural trade deficit is projected to widen to $49B in 2025.