Unfortunately, loss of buyers often results in them just leaving the crop to rot, as moving it costs more than what they'd make selling it. Not that they should be surprised though. From soybeans to AI silicon, China has shown it is willing to take the hit and source alternatives to US products.
If only there was a way we could have avoided this. Being the world's largest economy, you can slap your trading partners around. But, don't expect them not to retaliate, especially if you have a reputation of being abusive to the weak.
Sounds like more food for the global market than ever before.
Unfortunately, loss of buyers often results in them just leaving the crop to rot, as moving it costs more than what they'd make selling it. Not that they should be surprised though. From soybeans to AI silicon, China has shown it is willing to take the hit and source alternatives to US products.
Well, no bailouts for them: that would be socialism.
unpaywalled link: https://www.wsj.com/economy/trade/us-soybean-farmers-china-m...
If only there was a way we could have avoided this. Being the world's largest economy, you can slap your trading partners around. But, don't expect them not to retaliate, especially if you have a reputation of being abusive to the weak.