Trade retaliations against the U.S. hit Canada farmers, too
WINNIPEG, Manitoba (Reuters) – The United States’ trade wars have allowed Canada’s agriculture industry to pump up sales of soybeans and wheat to China, and pork to Mexico.
But the same tariff battles are undermining commodity prices and eating into Canadian farmers’ profit margins even as they grab more market share.
Their struggles illustrate the complex global consequences of U.S. protectionism as tariffs launched by President Donald Trump spark retaliations and redraw global agricultural supply lines around the globe. In the case of Canada, farmers have become bystanders hit by retaliatory strikes aimed at the United States.Read more here.