Trump essentially started a war with US soybean farmers in America by trying to push China into a more favorable trading arrangement. Overall, if the US administration continues its current trading policies, China will go from being the biggest buyer of US agricultural products in 2017 to the fifth-largest buyer in 2019. “The share of total US agricultural exports to China in value terms is projected to be 6 percent, down sharply, with China falling from the top market in 2017 to fifth place,” the economist said at the USDA annual forum in Washington. © AP Photo / Andre PennerMidwest US Farmers Going Bankrupt Faster Than During 2008 Recession The American Soybean Association (ASA), a lobby group representing all soybean farmers in the US on domestic and international issues, basically predicted the downfall of farmers last year when Trump’s administration imposed import duties on Chinese products worth hundreds of billions, spurring Beijing to respond with its own tariffs on US goods going into China’s market. “If this trade war is not resolved soon, we will see irreversible consequences,” Davie Stephens, who is vice president of ASA and also a soybean grower in Clinton, Kentucky, said in a statement last fall. © Sputnik / Igor OnuchinChina Quickly Replaced US Soybean Imports Halted by Trade War ASA maintains that Congress should swiftly ratify the USMCA trade agreement in 2019; that Trump should “seek an outcome that… Read full this story
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