When Tariffs Last Bloomed – Soybean Edition

Image Source: UnsplashOr, have US soybean exports recovered since Trump last reigned? Not in volumes.Source: Colusi, et al. (2024). Marking for trade war in 2018 by author.2023 exports are below 2017 levels. USDA forecast for 2024/25 marketing year (9/1/24-8/31/25) is 1.875 bn bushels, vs 1.6 bn bushels for 2023/24, or about 17% increase.More By This Author:Manufacturing: When Tariffs Last BloomedReal Average WagesNationwide Grocery Prices At 2024M01 Levels