Economics
China’s Shopping List in America Has These Farm Goods at the Top
- U.S. may take market share from Brazil, Argentina, Australia
- A U.S.-China trade deal means the end of an era: Brazil group
March 6: Trade War Brings 'Real' Economic Pain to Farmers, Ranchers, Sen. Thune Says
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President Donald Trump says he’s asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?
The most obvious impact will be on Brazil and Argentina, which were among the biggest winners of the trade war, as their soybeans in China displaced the U.S. Should the Asian nation dump its 25 percent retaliatory tariffs on soy -- America’s biggest agricultural export to China before the trade war -- their big advantage will fade.