Trump Trade War Triggering $1.9 Billion Plunge In Farm Exports: USDA

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American farm exports are expected to plunge $1.9 billion in fiscal 2019, compared to the previous year, largely due to President Donald Trump’s trade war with China, according to the U.S. Department of Agriculture.

Soybean exports have been hit particularly hard, the agency’s chief economist, Robert Johansson, told the USDA Outlook Forum in Washington on Thursday, Reuters reported. Because of the trade dispute, soybean exports to China will have “plummeted over 90 percent” through this month, Johansson said.

China has dropped to the fifth largest market for American farm exports, Johansson noted. It was the top foreign purchaser in 2017.

Early last year Trump admitted farmers would take a hit in the trade war, but he insisted that they would “understand.”
These are “great patriots,” he added, referring to the farmers.
“They understand that they’re doing this for the country.”

https://www.huffpost.com/entry/farm-exports-doan-19billion-usda_n_5c6f6642e4b00eed0832809f

[fleur-de-lisa]

1. Or as the moron calls it "winning."