US agriculture has been hit by US tariff policies
Internet reports that recently, U.S. media issued an article saying that the U.S. agricultural economy is suffering from the impact of the Trump administration's tariff policies, especially the agricultural product trade and processing industries. The Los Angeles Times report specifically pointed out that China has significantly reduced imports of agricultural and livestock products such as beef and soybeans from the United States, and has shifted to imports from countries in South America, Europe and other regions. In addition, several U.S. tractor manufacturers also said sales fell in the first quarter as geopolitical uncertainty and trade frictions hit the confidence of U.S. farmers. Tariff policies also significantly inhibit U.S. imports of pesticides and fertilizers. Some fertilizer companies said that costs increased due to tariffs and had to increase product prices. The ultimate cost will be borne by American consumers. (cctv International News)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.