It’s going to hurt the US far more than reports suggest. Yes, we are the larger exporter in the trade deficit, but what we import is vital. Electricity, oil, and fertilizer alone could be devastating. Fertilizer doesn’t get the recognition it deserves. It’ll increase the cost of our dent corn, which in turn increases the cost of milk and beef, for example.
The retaliatory tariffs will impact private farms first. Without USAID funds to buy their surplus to be shipped as aid, those farms will not meet overhead. They’ll go bankrupt, then VCs will swoop in and buy the land on the cheap.