If the tariffs go on for very long there is going to be a shift in suppliers.
Not only in the US but also China.
The soy bean market may never come back to Iowa.
Here's a long read on just one part of one of the tariffs: Brazil, Iowa, soybeans.
https://www.reuters.com/article/us-usa-trade-china-brazil-insight/trump-trade-war-delivers-farm-boom-in-brazil-gloom-in-iowa-idUSKCN1ML0E7
"Trump trade war delivers farm boom in Brazil, gloom in Iowa."
I had thought myself the short term results were hurting China more. Seems not. "In response to Trump administration tariffs on Chinese goods, Beijing this year imposed levies on U.S. agricultural products. Among them was a 25 percent tariff on soybeans, the single most valuable U.S. farm export. U.S. growers sold $12 billion worth to China last year alone."
And, "Some fear the lost ground will be hard to reclaim", which is often the case. That's why I said sometimes there are no winners in tariff wars.


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