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Retaliatory Tariffs Could Devastate U.S. Soybean Industry
Production, Exports Could Fall Up To 71 Percent, Leading To $3.3 Billion In Economic Losses

Nearly Two-Thirds Of U.S. Soybean Exports Go To China, The World’s Largest Soybean Importer:

Purdue University: “The Annual Loss In U.S. Economic Well-Being [And The Soybean Industry] Would Range Between $1.7 Billion And $3.3 Billion.” (“Study: U.S. Soybean Production, Exports Would Fall If China Imposes Tariffs,” Purdue University, 3/28/18)

  • 62 Percent Of All U.S. Soybeans Currently Go To China. (“Study: U.S. Soybean Production, Exports Would Fall If China Imposes Tariffs,” Purdue University, 3/28/18)
  • China Is The World’s Largest Soybean Importer, Buying 93 Million Metric Tons In 2016, Primarily From The U.S., Brazil And Argentina. (“Study: U.S. Soybean Production, Exports Would Fall If China Imposes Tariffs,” Purdue University, 3/28/18)

A Purdue University Study Found That Tariffs Would Lead To Decreased Production & Exportation Of U.S. Soybeans:

A 10 Percent Tariff On U.S. Soybeans Could Cause:

  • S. Soybean Exports To China To Decrease By 33 Percent.
  • Total U.S. Soybean Exports To Decrease By 18 Percent.
  • Total U.S. Soybean Production To Decrease By 8 Percent.

A 30 Percent Tariff On U.S. Soybeans Could Cause:

  • S. Soybean Exports To China To Decrease By 71 Percent.
  • Total U.S. Soybean Exports To Decrease By 40 Percent.
  • Total U.S. Soybean Production To Decrease By 17 Percent.

(“Study: U.S. Soybean Production, Exports Would Fall If China Imposes Tariffs,” Purdue University, 3/28/18)

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