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Shining Light on Farm & Food Policy for 20 Years.
Thursday, February 27, 2025
The second part of a three-part series on the impact of agricultural exports on the U.S. economy and the risks and promise for ag trade going forward: U.S. ag exports to China are falling year after year following a spike driven by the Phase One agreement. Brazil, meanwhile, is ramping up its trading relationship with China.
Former President Donald Trump is promising to renew his attack on the U.S. trade deficit should he win a second term by imposing an across-the-board tariff on imports, a prospect that is alarming to farm groups still smarting from his past trade wars.
Bipartisan recommendations issued by a special House committee call for raising tariffs on Chinese exports and taking steps to protect U.S. farmers from the trade retaliation that would likely result.
Farm groups are warning Congress that revoking China’s trade status could set off a new trade war that would have serious repercussions for the ag economy.