On April 19th, according to The Guardian, the chaotic tariff policies of the US government are harming the interests of American agricultural producers, and a large number of American agricultural producers may face financial bankruptcy in the future. According to data from the American Farmers’ Association, the number of farm bankruptcies in the United States increased by 55% year-on-year in 2024, while the cash flow of many farms has been deteriorating in recent years. National Public Radio recently reported that due to high production and borrowing costs, the default rate of loans for American agricultural producers has become high, and tariff policies may cause American agricultural producers to permanently lose a part of the international market, putting American agriculture in a difficult situation. (CCTV Finance)
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