China's $21B Tariffs Devastate US Agriculture
China tariffs on US agriculture have escalated recently as Beijing imposed retaliatory measures worth $21 billion targeting American farmers. Right now, these tariffs, which range from 10% to 15%, have been implemented as a direct response to President Trump’s recent 20 percentage point increase on Chinese imports. The impact on US agricultural exports has been immediate, and also quite severe, with soybean farmers particularly vulnerable since they sold more than half of their total exports to Chinese buyers in 2024. Also Read: Ripple: How Much XRP Should You Hold For Life-Changing Returns? Escalating Trade War: China’s Retaliatory Tariffs Deepen US Agricultural Woes Source: Watcher Guru The trade war between the United States and China continues to intensify, and it is creating ripple effects across American agriculture. While President Trump campaigned on promises of 60% tariffs on Chinese imports, his administration has so far raised levies by just 20 percentage points. ...