China has been investing heavily into the Brazilian agricultural industry for that reason. Likely, even if the US drops tarrifs in the future, global supply would have adjusted to source American agricultural goods elsewhere.
The same thing happened to cotton after the American Civil War. The UK and France invested in other countries’ cotton farms when they lost access to American cotton.
China has been investing heavily into the Brazilian agricultural industry for that reason. Likely, even if the US drops tarrifs in the future, global supply would have adjusted to source American agricultural goods elsewhere.
The same thing happened to cotton after the American Civil War. The UK and France invested in other countries’ cotton farms when they lost access to American cotton.