Trade tensions threaten rural American growth, world economy
(VOVWORLD) - The US trade tensions with China and other countries are increasingly worrying rural America and will also threaten economies around the world.
 Trade tensions between the US and China threaten rural American growth and the world economy (Photo: VNA)
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According to the CoBank's quarterly Rural Economic Review, 70 percent of US agricultural exports are bound for destinations that are either in trade negotiations or in dispute with the US.
Retaliatory tariffs from China and Mexico targeting US agricultural products have dampened the economy's outlook. Not only soybeans, but tree nuts, grapes and dairy products may also face losing market share in valuable growth markets. Pork producers may be the most worried, as exports account for 25 percent of US pork production.