American agriculture has been hit by the US tariff policy

Recently, US media reported that the US agricultural economy is being hit by the Trump administration's tariff policy, especially the agricultural trade and processing industry. The Los Angeles Times report specifically pointed out that China has significantly reduced imports of agricultural and livestock products such as beef and soybeans from the United States, and switched to imports from countries in South America, Europe and other regions. In addition, a number of US tractor manufacturers also said that sales in Quarter 1 have declined due to geopolitical uncertainty and trade friction hitting the confidence of US farmers. The tariff policy has also significantly curbed the import of US pesticides and fertilizers. Some fertilizer companies said that due to the increase in costs affected by tariffs, they have to raise product prices, and the final cost will be borne by American consumers. (cctv international news)