China’s exit from US agriculture is a devastating blow to an already struggling sector
Story Date: 8/7/2019

 

Source: Kate Rooney, CNBC, 8/6/19


Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies. With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be a devastating blow in an already tough year for crops and commodity prices. It may also dent U.S. gross domestic product and hurt companies like Deere, whose business is directly tied to farming in the Heartland.

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