“America First” Trade and also the immigration restriction services are becoming good for America. Such policies are helping Canada after a wait of two and a half years. The Trump tariffs on China benefit Canadian farmers. The agricultural products from the U.S. that were in high demand are not bought by China to reciprocate on the imports from their country. This can be the result once the Trump administration is imposing tariffs on China.
According to the reports of the U.S. Department of Agriculture: the imports of wheat has escalated about 60% in the marketing year 2018/19 in Canada’s share of imports from China, and have been up from 32% in the marketing year 2017/18 due to the descend in the wheat exports to China.
The New York Times reports say that it has been a significant blow in the agriculture industry of the U.S. because of the fall in the export market of a country like China. According to the American Farm Bureau, there has been a major fall in agricultural exports to China from $24 billion in 2014 to $9.1 billion last year.
According to the reports of the U.S. Department of Agriculture: there is a noticeable decline in the exports of soybeans to China, around 60% between 2018 and 2019.
There is a huge loss to the exporters, and the damage is beyond just agriculture as disclosed by a New Study in the National Foundation for American Policy (NFAP). U.S. exports have seen major falls in Retaliatory tariffs from foreign countries, according to economists David G. Tuerck. He is a professor at Suffolk University, of economics and president of the Beacon Hill Institute, and William Burke, director at the Beacon Hill Institute for research, the authors of the NFAP report.
Reports suggest the loss in the U.S. exports will continue to decrease as there have been major falls from $17 billion in 2018 and middling 2019 in U.S. exports enclosing retaliatory tariffs. The depletion is around $13.97 billion in the U.S. exports, and the total lost export is about $31 billion.
As there is a major loss within the opportunities in the U.S. companies, with a total of 19% loss during the first 6 months of the year 2019 when compared to the same duration in the year 2018 in the U.S. exports of goods to China, countries like Canada are taking advantage in selling their goods and there is an escalation in the trade.
It has proven to be harmful to American consumers and exposed high economic costs due to the Trump tariffs. There is also a sudden decline in the enrollment in universities in the U.S., and the competition has deteriorated in the companies of the U.S. international students’ rate has gone up in Canadian colleges and universities.
America is not in the list of options for the students to pursue their careers. International students are choosing Canada over America to attend schools and work. Australia has also attracted international students at record levels.