The Trump administration is raising tariffs, and soybean farmers across the country are voicing concern.
Iowa is the second largest soybean producer in the United States, and relies on export markets including China.
In a press release the Iowa Soybean association said, “As the tariffs take effect, importers favor competitors including Brazil and Argentina. A prolonged U.S. trade war risks permanently alienating Iowa and U.S. soybean farmers from key markets”.
China, the number one buyer of soybeans from the U.S., bought more soybeans from Brazil and less from the U.S. in 2024.
