Ohio – America’s losses are the rest of the world’s profits.
“As an example, if the US is normally exporting a third of soybeans to countries like the Asia-Pacific countries I interact with here to feed livestock, importing soybeans is not suddenly beneficial due to this tariff situation, Vance said.
Vance participated in this edition of the AG report from Bangkok, Thailand, while attending the fair as part of his role as executive director of the Pork Science Association.
“I think the biggest thing I’ve covered is this idea of uncertainty,” Vance said. “The markets don’t like uncertainty. They like stability. They like predictability. And as you mentioned, this situation where we found TAT, retaliatory tariff TIT, actually injected a considerable amount of uncertainty into the systems and global markets because we really didn’t know what the US would do,” he said.
The AG Report airs every Friday on Spectrum News 1.
