Bailout won't cure what Trump's policies did to farmers [View all]
By Patricia Lopez / Bloomberg Opinion
It’s harvest time in the Midwest and farmers are bringing in bumper crops of soybeans, corn and wheat. They should be elated.
But their best customers are shopping elsewhere as a result of a global trade war ignited by President Donald Trump. Punishing tariffs have created what some are calling “Farmaggedon.”
China, once a top destination for American soybeans, has signaled its displeasure with Trump’s tariffs by locking out U.S. farmers in favor of more stable partners in Brazil and Argentina. Soybeans are this country’s largest agricultural export, valued at more than $24 billion in 2024, with about half usually going to China.
But China has made no purchases from this harvest, with disastrous results for American growers. Soybeans are piling up across the Midwest, spilling out of bins and grain elevators from North Dakota to Missouri.
https://www.heraldnet.com/opinion/comment-bailout-wont-cure-what-trumps-policies-did-to-farmers/
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