Agriculture Export Decline Mild, Even With Retaliatory Tariffs, CRS Notes
A Congressional Research Service report on agricultural trade issues in the U.S. noted that even though ag exports to China dropped 53% from 2017 to 2018 due to retaliatory tariffs, overall ag exports only fell 2% in 2019, and some…
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of that was due to lower commodity prices rather than lower volume. The report covered agricultural issues in the bilateral trade negotiations with Japan, Kenya, India, the European Union and United Kingdom, and noted that ag trade between the U.S. and the EU is less than 1% of all trade between the two regions, though the EU is the fifth-largest market for U.S. commodity and food exports. The top ag exports to the EU were corn, soybeans, tree nuts, distilled spirits and fish. Top imports from the EU were wine, distilled spirits, beer, bottled water and olive oil.