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Farm Report

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Trump Officials Postponed Farm Trade Report Due to Deficit Concerns
business1 year ago

Trump Officials Postponed Farm Trade Report Due to Deficit Concerns

The Trump administration delayed and redacted a USDA farm trade forecast report because it predicted an increase in the US trade deficit, contradicting the administration's messaging on tariffs and trade policies. The report, which is usually trusted for its analysis, was released with redactions, raising concerns about political interference. The forecast now projects a record $49.5 billion deficit for the current fiscal year, reflecting the impact of tariffs and other factors on US agriculture and trade.