- cross-posted to:
- leopardsatemyface@lemmy.world
- cross-posted to:
- leopardsatemyface@lemmy.world
Summary
New tariffs under Trump threaten U.S. farmers who rely heavily on exports, with leaders warning of rising input costs and potential market losses. Over 20% of U.S. farm income depends on exports, according to farm groups.
Tariffs on countries like Vietnam (46%) and the Philippines (17%) could spark retaliatory actions, cutting demand for U.S. crops.
Farmers, already facing high equipment and fertilizer costs, fear long-term damage to trade relationships.
Some hope Trump will use tariffs to expand markets, but others remain skeptical, recalling mixed outcomes from past trade wars.
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