Retaliatory tariffs could cost billions in reduced US soybean exports

In an ongoing tug-of-war over threatened tariffs between the United States and the Chinese government, researchers at the University of Tennessee Institute of Agriculture have examined potential impacts to U.S. soybean exports at three hypothetical tariff rates. The research indicates that exports are projected to drop by $4.5 billion to $7.7 billion if a 25 percent tariff is imposed, with even greater losses should a higher tariff be levied.