cross-posted from: https://lemmy.world/post/27777293

Tariffs threaten to upend markets American farmers depend on

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.