Rising Prices and Missing Foods: 15 Ingredients Caught in Trump’s Tariff War
1. Soybeans: America’s Export Giant Takes a Hit 1. Soybeans: America’s Export Giant Takes a Hit (image credits: unsplash) Soybeans have long been a cornerstone of American agriculture, but the Trump administration’s tariffs on China sent shockwaves through this vital industry. In 2018, China imposed retaliatory tariffs of 25% on U.S. soybeans, causing exports to China to plummet by nearly 75%. This sudden drop left U.S. farmers with massive stockpiles and falling prices, with the USDA reporting a 20% decrease in average farm income that year. As a result, soybeans became more expensive for food producers, and shortages rippled through … Read more