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What happened to U.S. farmers during the last trade war

Planet Money

2025/05/14
Planet Money

Planet Money

2025/05/14

Shownote

The U.S. exports billions of dollars worth of agricultural products each year — things like soybeans, corn and pork. And over the last month, these exports have been caught up in a trade war. U.S. farmers have been collateral damage in a trade war before....

Highlights

This podcast delves into the repercussions of the U.S.-China trade war on American farmers, focusing on how tariffs have disrupted agricultural exports and the measures taken to support struggling farmers.
00:00
President Trump's tariffs led to retaliatory actions affecting Iowa farmers.
03:22
Farmers can't store grain over a year due to price uncertainties.
12:16
Farmers are collateral damage in the trade war.
15:04
China targeted American farmers during the trade war, making them collateral damage.
22:03
The USDA paid $23 billion to farmers during the U.S.-China trade war.

Chapters

How Tariffs Hit Iowa's Corn and Soybean Farmers?
00:00
Can Farmers Survive Uncertainty During Trade Wars?
03:22
When Did US-China Agricultural Trade Begin Thriving?
06:26
What Role Did the USDA Play in Supporting Farmers?
15:04
Did the Bailout Programs Achieve Their Goals?
22:03

Transcript

Speaker 4: This message comes from Discover, accepted at 99% of places that take credit cards nationwide. If you don't think so, maybe it's time to face facts. You're stuck in the past. Based on the February 2024 Nielsen Report. More at discover.com. Slash...