Corn and Bean Growers Fear China Tariffs

A new economic study paints a troubling picture of the potential results a renewed U.S.-China trade war could have on hundreds of thousands of farmers and rural communities, showing American-imposed tariffs would come at a steep cost to U.S. producers while benefiting Brazil and Argentina.

The study, commissioned by the American Soybean Association and the National Corn Growers Association and conducted by the World Agricultural Economic and Environmental Services, shows a new trade war would result in an immediate drop in corn and soy exports to the tune of hundreds of millions of tons. As a result, Brazil and Argentina would claim the lost market share, which would be extremely difficult for American growers to reclaim in the future.