Trump’s first tariff trade war cost U.S. farmers $27 billion. This round is shaping up as far worse, with food prices poised to rise as a result
Trump’s first tariff trade war cost U.S. farmers $27 billion. This round is shaping up as far worse, with food prices poised to rise as a result


If history is any indicator, farmers are sure to pay for Trump’s trade war. During the first Trump administration, retaliatory tariffs on American goods led to $27 billion in losses to agricultural exports, according to the U.S. Department of Agriculture, most of which was caused by lost trade with China.
This time around, the damage could be more severe. Wednesday’s announcement elevated tariffs on three of America’s five largest agricultural trading partners—China (34 percent), the European Union (20 percent), and Japan (24 percent). Mexico and Canada, which are America’s two largest trading partners, were exempt from the list but have faced 25 percent duties on certain products since March.
The damage that this policy will cause is not lost on the Trump administration. On Monday, Agriculture Secretary Brooke Rollins told the Des Moines Register that her agency is ready to make farmers affected by tariffs “whole” through cash assistance programs. Under the first Trump administration, the Agriculture Department also hedged against its poor trade policy by issuing $28 billion in bailouts to farmers.
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