Reported about 4 hours ago
U.S. agricultural exports and imports are under threat due to President Trump's planned tariffs on imports from Mexico and Canada, raising fears of retaliation from major trading partners like China, Canada, and Mexico. This could inflate food prices in the U.S. and has already led to a decline in agricultural exports, particularly soybeans and corn. The agricultural sector faces challenges as it relies significantly on these markets, which imported $94 billion in goods in 2023. The repercussions of these trade actions may result in further losses, echoing previous trade tensions.
Source: YAHOO