Trade wars cost billions at soybean harvest season
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4 months ago
fox9.com
The Cost of Trade Wars: A Look Back at 2018 Soybean Crisis In 2018, the U.S.-China trade war had a profound impact on American farmers, particularly those growing soybeans and corn. A clip from The Washington Post's "The Conversation" features Trump advisor Peter Navarro admitting that China's retaliation significantly reduced demand for these crops, leading to projected losses in the tens of billions for farmers. This period saw U.S. soybean exports to China plummet by 75% in value, from $12.3
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