Skip to main content

China increased trade with Brazil to record $100 billion as it replaced U.S. agricultural imports.

Explanation

Net farm income fell from $123 billion in 2013 to just $63 billion in 2016, then stagnated through Trump's trade war years despite record bailout spending. Federal Reserve research documented that cou...

Unlock the full explanation

Get deeper insights with Principle Premium

Upgrade to Premium

This question is part of How Trump's tariffs hit many farmers while Biden pushed rural investments. 5 more questions available.