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Demovictory9

(35,586 posts)
Tue Apr 29, 2025, 09:21 AM Tuesday

US farmers in 'full-blown crisis' as Chinese orders for pork, soybeans plunge on Trump tariffs [View all]

President Trump’s tariffs have sent the US agricultural industry into a “full-blown crisis” as canceled orders from China are forcing farmers to lay off workers or shut down their businesses, according to a trade group.

China last week made its largest cancellation of pork orders since the COVID-19 pandemic in 2020, halting a shipment of 12,000 tons of pork, according to the Department of Agriculture.

Meanwhile, China dropped its soybean orders to just 1,800 tons’ worth in the week ending April 17 – down massively from 72,800 tons purchased the week before, the USDA said.

https://nypost.com/2025/04/28/business/us-agriculture-industry-in-full-blown-crisis-as-trump-tariffs-shrink-chinese-orders/

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