"That could impact soybean farmers in particular, who are already facing tariffs on shipments to China, increased competition from Brazil and higher production costs, Wobensmith said. Added port fees would make US soy “uncompetitive in the world market, so their exports will come almost to a grinding halt,” he said."
#c4news economics editor nailed it: "it seems #China knows exactly where to apply the pressure". China has announced retaliatory #tariffs of 10-15% on #agriculture goods, incl. #soybean and corn, China being the largest market for US #farmers.
Notice how the tariffs hit #Republican states (#Iowa, #Illinois #Missouri)?
Genius! Can't wait for #MAGA tears when the double whammy of plummeting revenue and #inflation hit them. #theartofthedeal
https://www.channel4.com/news/trump-tariffs-end-80-years-of-us-trade-policy-expert-explains
7 Healthy Chaat Recipes: Guilt-Free Indulgence https://www.diningandcooking.com/1921193/7-healthy-chaat-recipes-guilt-free-indulgence/ #corns #Fruits #HealthyChaat #IndianStreetFood #Lifestyle #Recipes #RecipesTopics #Soybean #sprouts #StreetFood #SweetPotato #TypesOfChaat
https://www.europesays.com/1865507/ ‘Is farming worth it?’ Ag groups testify on ag economy | Agriculture #agriculture #economies #Economy #farm #farmer #FoodIndustry #income #maize #PrimaryIndustries #PrimarySectorOfTheEconomy #soybean #UnitedStatesDepartmentOfAgriculture #UnitedStatesFarmBill
“#Bloomberg says the American #Soybean Association has been notified by growers that payments associated with the Climate-Smart Commodities Program have been suspended. The ASA stressed to the #USDA that it should honor the contractual agreement it made with #farmers.
Senate #Ag Committee #Democrats joined Ranking Member Amy #Klobuchar in sending a letter to USDA requesting information on actions taken by USDA to pause these payments.
https://southeastagnet.com/2025/02/12/usda-freezes-conservation-farmer-payments/