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U.S. Agriculture – Caution

Touch the Soil News #600 Rhetoric is hot. The nation is threatening to increase import tariffs on foreign autos coming into America. Particularly hot are the issues of U.S. automakers and their factories in Mexico and threats to impose high tariffs on German-built cars coming into the states. While it may seem odd, trade decisions about cars must be weighed in balance with trade decisions about agriculture and financial decisions about interest rates. Take Mexico for instance. Mexico is one of the largest destinations for U.S. agricultural production. According to the USDA, Mexico buys about $20 billion a year in agricultural and food products from America. If Mexican jobs are curtailed…

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