Source: The Dispatch
by Kevin D Williamson
“Some problems just don’t get fixed. The last time Trump launched a trade war, it was hell on the U.S. soybean industry, which lost Chinese customers to Brazil. Previously, there had been a seasonal tradeoff: U.S. producers sold northern hemisphere soybeans in their season and the Brazilians sold southern hemisphere soybeans in theirs. When Beijing put the kibosh on U.S. imports, Chinese soybean importers doubled up on their orders from the southern hemisphere and built storage — and the storage stayed in place after the trade war was over. The numbers go up and down, of course, but in the most recent report, U.S. soybean exports were about a quarter less than they were when Trump first took office in 2017; with the exception of the 2020-21 season, U.S. soybean exports have not matched their 2016-17 level.” (03/21/25)
https://www.yahoo.com/news/opportunity-cost-trolling-northern-neighbor-063800686.html