U.S. farmers rightly see themselves as being extremely vulnerable to repercussions from President Trump’s nationalistic “cut the balance of trade deficit no matter what” trade policies. Among other things, threats to withdraw from NAFTA could greatly shrink agricultural exports to Mexico, the largest importer of U.S. row crops. The escalating trade conflict with China has put U.S. soybean exports to their largest customer at risk. As previously reported, China has threatened a 25 percent tariff on U.S. soybeans as part of its proposed retaliation against the Trump administration’s threat to impose similar tariffs on $50 billion dollars of goods imported from that country. Neither side has formally followed through ye...

TAGS – Soy & Oilseeds, North America, China, South America, Russia