How prolonged trade wars could hurt US agribusiness for good

The growing risk now is that much of the market share abroad that US agribusiness is losing to foreign competitors will be hard, if not impossible, to win back —even if current trade conflicts are resolved to the US government’s satisfaction. Growers in Australia, Brazil, New Zealand, Russia, and other nations are rushing to replace US suppliers of soy, beef, wheat, and other foodstuffs affected by retaliatory tariffs from the US’s trading partners, says a BCG report.

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