Trade Tensions Cost Farmers Billions

Trade Tensions Cost Farmers Billions

United States and China tensions and the resulting tariffs have so far, cost U.S. farmers $2 billion in lost exports this year. A new study from North Dakota State University’s Center for Agricultural Policy and Trade Studies says the lost sales to China far surpass modest gains elsewhere. But U.S. ag exports to South Asia, the European Union, and Central America climbed by 43, 39, and 24%, respectively. However, U.S. gains didn’t get high enoug…

Little sign of NZ disruption amid trade tensions

Reading Time: 2 minutes New Zealand exporters have so far avoided what government officials are calling a rapid escalation in trade tensions. A market intelligence report by NZ Foreign Affairs and Trade says the imposition earlier this year of tariffs on imports into the United States by President Donald Trump placed a direct cost on most NZ exports, but there are few signs of trade disruption. Prices for NZ commodities remain elevated, with the…

US-China Trade Tensions Cost Farmers $2 Billion, Says NDSU Study

United States and China tensions and the resulting tariffs cost U.S. farmers $2 billion in lost exports this year. A new study from North Dakota State University’s Center for Agricultural Policy and Trade Studies says the lost sales to China far surpass modest gains elsewhere. From January to April, agricultural exports to China contracted by over $5 billion, leaving export volumes up to 55 percent lower than the previous year. U.S. ag exports t…