China’s retaliatory tariffs on U.S. agricultural goods wiped out an estimated $14.9 billion in export sales over a 12-month period, according to a new North Dakota State University analysis, with soybeans taking the biggest hit.
The report, A One-Year Retrospective Assessment of China’s 2025/26 Retaliatory Tariffs on U.S. Agricultural Exports, found that from March 2025 through February 2026, U.S. agricultural exports to China fell sharply after Beijing imposed new retaliatory tariffs tied to fentanyl-related trade actions and reciprocal tariff escalations.