It’s harvest season in the U.S. heartland, but instead of celebrating bumper crops, soybean farmers are staring at overflowing silos and shrinking profits. Why? A trade war-fueled tariff standoff has left American soybeans priced out of global markets, with buyers flocking to South American suppliers like Argentina. 🇺🇸➡️🇦🇷
"We grew the beans, but now they’re just sitting here," one Illinois farmer told NewspaperAmigo.com. Argentina’s decision to slash export taxes by 26% has made its soybeans a hot commodity, while U.S. tariffs have turned former customers away. The result? A supply glut that’s hitting rural economies hard.
Though the White House has pledged $12 billion in aid to farmers, many argue subsidies are a Band-Aid solution. "We need markets, not handouts," said Iowa-based grower Clara Meeks. With midterm elections looming, the pressure is on for policymakers to resolve trade disputes—before this harvest becomes next year’s crisis.
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U.S. farmers harvest big, but tariffs leave their soybeans piling up
cgtn.com