China’s tariffs on American farm commodities, namely soybeans, would turn them off. How bad has the China trade war been for American farmers? But on balance, China’s restrictions against American farm goods have not been as big a disaster for growers and exporters. Last year, China imported millions of dollars less in American beef, coming in at $391 million worth versus $521 million in 2017 and $584 million in 2016. If China buys the $50 billion worth of U.S. farm goods over the next year or two, as Vice Premier Liu He suggested, it would be a boon to the farm belt China has had in its crosshairs since September 2018.

Source: Forbes October 17, 2019 12:00 UTC