US Agricultural Trade
Data Source: Accessed February 20, 2023. https://www.fas.usda.gov/2021-country-overview
5 Most Exported Products
Data Source: Accessed February 20, 2023. https://www.fao.org/faostat/en/#data/TCL
5 Most Imported Products
Data Source: Accessed February 20, 2023. https://www.fao.org/faostat/en/#data/TCL
There is a trade surplus of $1,408,024,550.
US & China Agricultural Trade
Most exported products to China
Data Source: Accessed February 20, 2023. https://www.fao.org/faostat/en/#data/TM
Most imported products from China
Data Source: Accessed February 20, 2023. https://www.fao.org/faostat/en/#data/TM
The tariffs imposed by the US aimed to safeguard American industries, but they have inflicted significant harm on the US economy. Furthermore, they prompted other nations to impose retaliatory tariffs, which exacerbated the economic damage.1
It is recommended that the government support farmers by engaging in negotiations with other nations to decrease or eliminate tariffs and concentrate on developing beneficial trade strategies that will boost economic growth in the United States.2
Source：
1. Durante, Alex. “U.S.-China Trade War Hurt American Industries and Workers.” Tax Foundation, July 14, 2022. https://taxfoundation.org/us-china-tariffs-trade-war/.
2. Durante, Alex. “How Tariffs and the Trade War Hurt U.S. Agriculture.” Tax Foundation, February 21, 2023. https://taxfoundation.org/tariffs-trade-war-agriculture-food-prices/.
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