U.S. farmers face severe economic pressure as China shifts its agricultural imports to Brazil and Argentina, creating an unprecedented crisis in American farming. With corn exports falling 71% and soybean exports dropping 13% through September 2023, the U.S. anticipates a $42.5 billion agricultural trade deficit by 2025. The shift began in 2018 when China imposed 25% tariffs on U.S. agricultural products. Brazil now dominates China's soybean imports at 76%, up from 46%, while U.S. share has fallen to 18% from 40%. This change has devastated rural communities and threatens the future of American agriculture.
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