Trade war retaliation cost agriculture $27 billion in exports
Story Date: 1/21/2022

 

Source: Mike Davis, SOUTHERN FARM NETWORK, 1/20/22


Tariffs imposed on American agricultural exports in retaliation for Section 232 tariffs on steel and aluminum imports from key trading partners cost agriculture a lot of export sales, according to date from a branch of USDA. Combined with the Section 301 tariffs on Chinese imports and China’s retaliatory actions and it led to an overall $27 billion reduction in U.S. ag exports from mid-2018 to the end of 2019.

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