By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: February 1985
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Thomas Grennes
Research Area: Agriculture, forestry and fishing; Trade
Keywords: Agriculture
Type: Report
Abstract:
Given its overall 1984 trade deficit of $123 billion, the U.S. pays little attention to what is probably its most profitable export: agricultural products. Last year alone,. the U.S. exported $38.0 billion in farm goods and imported only $18.9 billion. Ironically, while multilateral negotiations have reduced tariffs on manufactured products in recent years, they have done little to liberalize agricultural trade. As the world's largest exporter of agricultural products, the U.S. would benefit greatly from freer trade--as would U.S. farmers.