American agriculture companies are sounding the alarm on Trump's trade war
Gina HeebFeb 23, 2019, 12.05 AM
The agriculture sector is struggling in wake of a trade war between the two largest economies.
Tariffs have sent agricultural prices lower and halted shipments from the US.
American agriculture exports are expected to drop by $1.9 billion this year, according to new estimates from the USDA chief economist.
Seven months into a trade war between Washington and Beijing, the US agriculture sector is in jeopardy.
Tit-for-tat tariffs between the largest economies have lowered commodity prices and handed market share over to other countries. American farm exports are expected to drop by $1.9 billion during the 2019 fiscal year, according to Department of Agriculture chief economist Robert Johansson.
Businesses across the country, especially within the farming sector, have warned of losses resulting from trade barriers. Here are a few of them: