Trade war side effect: Smallest ag trade surplus in 12 years
Agriculture is a perennial bright spot in the U.S. balance-of-trade picture because ag exports are consistently larger than imports. But that reliable trade surplus is forecast to narrow to $14.5 billion in fiscal 2019, which would be the smallest surplus since the $12.2 billion of 2007, say USDA economists in Amber Waves magazine. “Significant declines in… » Read More
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