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NDSU Agricultural Trade Monitor 2025-06

Author

Listed:
  • Arita, Shawn
  • Steinbach, Sandro
  • Zhuang, Xiting

Abstract

The June 2025 NDSU Agricultural Trade Monitor analyzes the impact of renewed trade tensions and retaliatory tariffs on U.S. agricultural exports, with a particular focus on the evolving U.S.–China trade relationship. In early 2025, China imposed steep tariffs on U.S. farm products, with rates surpassing 125% before a temporary truce reduced them. The resulting trade environment led to a 55% drop in U.S. agricultural exports to China and a $5 billion market loss that was only partially offset by gains in other markets. Export performance varied by commodity, with corn, soybean meal, and ethanol remaining strong, while China-dependent products, such as soybeans, sorghum, and beef, fell to multi-year lows. The U.S. agricultural trade deficit widened as imports continued to outpace exports. The report provides a snapshot of export flows, contracted sales, and market trends, highlighting ongoing risks and the uncertain outlook facing U.S. producers and exporters.

Suggested Citation

Handle: RePEc:ags:ndsutm:358820
DOI: 10.22004/ag.econ.358820
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