The article discusses the impact of President Trump's trade policies on soybean farmers like Caleb Ragland, who has voted for him multiple times despite facing significant challenges from tariffs. The soybean sector is currently under pressure due to tariffs from both the Trump administration and retaliatory measures from other countries. Ragland highlights that these policies have manipulated prices and increased costs, threatening the survival of family farms. The situation has worsened since the 2018 trade war with China, which already inflicted substantial financial losses on the agricultural industry.
As pressures mount in the industry as a result of tariffs imposed by the second Trump administration as well as retaliatory levies from other countries, he's worried about the longevity of his business.
This isn't the first time farmers have had to deal with new tariffs. Back in Trump's first term, the trade war with China in 2018—a time when Ragland said the agricultural economy was in a much better place than it is right now—cost the U.S. agriculture industry more than $27 billion.
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