Trade Theme - Part 2
Stephen Devadoss
The US government’s tariff policies may help the producers of the import-competing commodities, but adversely affect the consumers of these commodities. Retaliatory tariffs by foreign countries will hurt US producers of agricultural exports. The overall net welfare of these policies is negative.
William Ridley and Stephen Devadoss
The Trump administration’s whirlwind of new tariffs promises to have ramifications for US agriculture, particularly for row crops, which tallied $60 billion of US exports in 2023. This article surveys the implications of current trade disputes, the resulting retaliatory responses, and ongoing trade negotiations for US row crop exports.
Yangxuan Liu, Munisamy Gopinath, and John Robinson
This study examines how two rounds of US–China trade conflict impacted US and global cotton supply chains. Chinese tariffs reduced US cotton competitiveness, while US tariffs reshaped global textile trade. As US cotton exports shifted to alternative markets and Brazil expanded in China, global cotton trade competition intensified.
Andrew Muhammad, Charles Martinez, and Parker Wyatt
This article examines recent trends in US beef production and trade, focusing on how the industry has responded to changes in global demand and domestic supply. It also evaluates the impact of tariffs and recent trade tensions on US beef imports, exports, and prices.
Xi He, Shin Myat Naing Naing, and Stephen Devadoss
Recent US tariff actions have introduced significant uncertainty into the fresh vegetable trade with Mexico. This article reviews recent US trade measures affecting imports from Mexico, examines patterns in US fresh vegetable trade, and discusses the potential effects of a hypothetical 25% tariff on Mexican fresh vegetable imports.
Joseph Glauber, Valeria Piñeiro, and Juan Pablo Gianatiempo
The impact of US tariff policies on exports to the United States will depend on the relative size of tariffs facing countries. Exporting regions such as LAC would likely benefit from a renewed trade war between the United States and China, particularly for oilseeds, grains, and meats.