Trade tariffs are hurting Michigan soybean export market

LANSINGSince Jan. 20, President Donald Trump has increased tariffs on U.S. imports from all global partners, triggering retaliatory tariffs by China, Canada and the European Union on U.S. exports, including soybeans.According to the U.S. Department of Agriculture, the value of soybean exports reached $24.47 billion in 2024. China was the largest international mark...

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