Wall Street Journalのインスタグラム(wsj) - 7月3日 03時16分

The U.S. Farm Belt helped deliver Donald Trump to the White House, drawn to his promises to revive rural America and deregulate industry. Now, the president's global trade offensive is threatening the livelihoods of many farmers.⠀
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Mounting trade disputes, spurred by U.S. threats to withdraw from Nafta and tariffs on billions of dollars' worth of goods from key trading partners, have cut U.S. agricultural exports and sent commodity prices tumbling.⠀
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Many American farmers, who depend on shipments overseas for one-fifth of the goods they produce, say they are anxious, especially because they are already expecting bumper harvests or grappling with a dairy glut.⠀
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"We live and die by trade," said Arkansas farmer Rusty Smith, who joined dozens of other farmers in Grand Rapids, Mich., last week to discuss trade and agricultural commodities.⠀
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Since April, duties the U.S. has levied on goods from China, Mexico, Canada and the European Union have sparked retaliatory tariffs and trade threats, targeting American farm goods from pork to cheese to apples.⠀
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The planned tariffs on products like soybeans, for which China is the U.S.'s top customer, come as farmers nationwide have boosted plantings of the crop.⠀
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For Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., a 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. "That's $100,000 that has disappeared into thin air," he said. "We were already in the red, and now it's even worse."⠀
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