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US agriculture has been impacted by US tariff policies

金色财经
金色财经|May 11, 2025 11:40
According to a report by Golden Finance, recent US media outlets have stated that the US agricultural economy is being impacted by the Trump administration's tariff policies, particularly in the agricultural trade and processing industries. The Los Angeles Times reported that China has significantly reduced imports of agricultural and livestock products such as beef and soybeans from the United States, and shifted to importing from countries in South America, Europe, and other regions. In addition, several American tractor manufacturers have also reported a decline in sales in the first quarter due to geopolitical uncertainty and trade frictions that have undermined the confidence of American farmers. The tariff policy also significantly suppresses the import of pesticides and fertilizers from the United States. Some fertilizer companies have stated that due to the impact of tariffs, costs have increased and they have had to raise product prices. Ultimately, the cost will be borne by American consumers. (CCTV International News)
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