Trump's trade war looms over soybean farmers 4 years later
Posted On May 8, 2022
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As US exports to China increased after the Phase One agreement was reached, exports from other countries grew at even faster. As a result, the US market share of China’s agricultural imports is now smaller than it was before the trade war: 17% in approximately the first year of Phase One compared with 20% in calendar year 2017, according to the USDA.