Joanna Kooi from the University of Illinois discusses the ramifications of newly imposed tariffs on soybean trade among the U.S., Brazil, and China, reflecting trade dynamics similar to those during Trump’s initial term. With the U.S. and Brazil making up over 80% of global soybean exports and China being the main importer, Brazil has ramped up its exports to China in response to these tariffs, which raises concerns about U.S. competitiveness and could lead to estimated annual losses of around $6 billion for American soybean farmers. Conversely, Brazil is set to achieve record export levels, benefiting from robust demand and enhanced logistics, while other exporting countries like Argentina and Paraguay stand to gain as well.
Bean Tariffs
Greg P
Posted underBrazilChinaGrainssoybeanTariffsTRUMPUniversity Of Illinois
