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Dependent on foreign sales, U.S. wheat farmers hoping longtime partners stick with them

Dependent on foreign sales, U.S. wheat farmers hoping longtime partners stick with them

Summary

U.S. wheat farmers are worried about losing foreign buyers due to new trade tariffs. They rely heavily on exports, especially to Southeast Asian countries. There are concerns about potential retaliatory tariffs that could increase costs for American farmers.

Key Facts

  • U.S. wheat farmers depend largely on selling their wheat to other countries.
  • A recent trade delegation from Southeast Asia visited U.S. wheat farms.
  • The U.S. has placed a 20% tariff on some Southeast Asian imports.
  • There are fears these countries might respond with their own tariffs.
  • Washington state is the top U.S. wheat exporting state, shipping 90% of its wheat abroad.
  • Farmers have worked for decades to build strong trade relationships with foreign buyers.
  • The U.S. government has promised financial aid to farmers if trade issues escalate.
  • Visits from foreign buyers are routine but currently carry extra tension due to trade policy.

Source Information