Soybeans are Tennessee’s number one crop, and China has been, by far, their number one buyer. But that changed when Trump announced heavy tariffs against them earlier this year — right in the middle of harvest season.
Trump administration announces $12 billion in one-time payments to farmers
The payments are targeted at row crop farmers in the wake of this year’s tariff hikes.
Soybean farmers ‘don’t have a lot of room for air’ amid trade war with China
President Donald Trump’s growing trade war with China is putting added stress on American soybean farmers’ already tight margins.
In Tennessee, Soybean Farmers Bear The Brunt Of U.S.-China Trade War
Listen The U.S.-China trade war is going to have a drastic impact on Tennessee’s agricultural exports, worth $1.4 billion as of 2016. Specifically, soybean farmers will be hit especially hard. Tennessee’s farms exported nearly half a billion dollars worth of soybeans, mostly to China.
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