๐บ๐ธ U.S.โChina Trade Tensions May Once Again Hit American Farmers๐๐๐
According to CNN (April 13), renewed trade friction between the U.S. and China could spell trouble for American agriculture.
During the last major standoff in 2018, the U.S. farming sector suffered losses of approximately $27 billion, with 71% tied to soybean exports, as per the American Soybean Association.
Meanwhile, Brazilian soybean exports to China surged by over 280% since 2010, gradually replacing U.S. market share.
As tensions rise again, farmers brace for potential fallout.