Trade with China down overall in 2025
North Carolina's trade with China is down on both imports and exports, on par with the national trend.
Trump is expected to announce a $12 billion bailout for American farmers on Dec. 8, as Trump’s tariff policies have significantly impacted the agriculture industry, according to a Wall Street Journal report.
Experts analyze the stability of the trade deal as China ramps up imports of Brazilian soybeans.
China has committed to return orders of US soybean exports to previous levels.
Sens. Ted Budd and Rep. David Rouzer urged President Trump to prioritize NC flue-cured tobacco as China halts purchases, threatening millions in farm exports.
China has placed no orders for new-crop soybeans this marketing year (which began Sept. 1), Charles Hall of the NC Soybean Association told CJ in a recent interview.
Pressure is now mounting as harvest season is not far off, with farmers expecting a significant harvest, while facing the loss of their largest market (China).
One of North Carolina's top five cash crops becomes the center of attention in a battle over tariffs between Trump and China.
More than $600 million in tariff-related losses is predicted by a major farm equipment manufacturer.
China is the second largest buyer of NC soybeans, at $16.9 million.
In a new trade deal, Indonesia will pay a 19% tariff on US imports.
Soybean farmers are set to be impacted as John Deere, one of the nation’s largest manufacturers of heavy farm equipment, recently announced a major production shift to counter $500 million in tariff-related costs.