trade deficit

As global dynamics change due to multiple political and economic factors, U.S. agricultural imports now exceed exports.

The U.S. agricultural trade deficit widened further in July. Agricultural exports lagged imports by $4.97 billion in July, a gap 9% wider than a year earlier.

Bloomberg said the value of agricultural exports trailed that of imports by $4.1 billion in June, a gap 14% wider than a year earlier.

The U.S. Ag trade deficit hit a record high in the first half of 2025. Ag export value trailed the import value by $4.1B in June a 14% year-over-year increase.

There is no doubt that tariff back and forth is causing challenges for agriculture and the overall U.S. economy.

The U.S. agricultural trade deficit is widening in 2025, driven by shifting global trade dynamics and rising import demand.  USDA’s Outlook for U.S. Agricultural Trade report provides projections for exports and imports, offering insight into current trade trends.  From January through April, ...

Tariffs put in place by President Trump will take a big bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy.  A Congressional Budget Office analysis shows that the deficit reduction is almost exactly the same size as the deficit addition that would result from the GOP’s “Big, Beautiful Bill.”   New Analysis ...

The USDA will lead a high-impact trade mission to Peru June 9th-12th, aimed at expanding market access and boosting U.S. agricultural exports to help address a $3.66 billion trade deficit with Peru.  The delegation includes more than 50 agribusinesses, trade organizations, and representatives from five state departments of agriculture working to strengthen economic ties.  ...

USDA reported an increase in American farm exports in the month of March.   “Ag exports were at 16.1 billion, which is 3% above last year and 18% above February,”  said Ag economist James Kaufman, citing the latest USDA trade outlook.   He noted, in addi...

President Trump’s administration calculated its raft of new tariffs primarily based on existing trade balances — a departure from pledges to match the tariff rates and other trade barriers from other countries.  In a statement published last week to explain its methodology for tariffs that rocked the globe, the United States Trade Representative detailed a formula that divides a country’s trade su