Trump put a tariff on soybeans during his first administration and this was exclusively aimed at China who consumes most of our exported soy. Farmers suffered and Trump gave them billions to make up for it resulting in a tariff that didn’t help anyone. China started sourcing soy from Brazil. Which ate up more rainforest. Overall it was one of the most expensive tariff blunders in terms of both dollars and negative externalities.
Trump put a tariff on soybeans during his first administration and this was exclusively aimed at China who consumes most of our exported soy. Farmers suffered and Trump gave them billions to make up for it resulting in a tariff that didn’t help anyone. China started sourcing soy from Brazil. Which ate up more rainforest. Overall it was one of the most expensive tariff blunders in terms of both dollars and negative externalities.
All because China can’t grow enough soy.