If China imposes a 25% tariff on U.S. agricultural products, after multi-year adjustments, U.S. exports of soybeans to China will drop 69%, costing the United States and China each $2.5 billion annually. With this tariff, Brazil will export 27% more soybeans to China and annually gain $2.1 billion.
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Impacts of Possible Chinese 25% Tariff on U.S. Soybeans and Other Agricultural Commodities
