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Potential implications of trade policy shifts after the 2024 U.S. presidential election for the agri-food sector

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  • Steinbach, Sandro
  • Yildirim, Yasin
  • Zurita, Carlos

Abstract

•U.S. trade policy shifts could severely impact agricultural exports by up to 34.4 %.•Projected losses in U.S. agricultural exports range from $6.8 billion to $60.6 billion.•Scenario analysis shows the agricultural sector could face its worst crisis since the 1980s.•Policy recommendations emphasize bolstering domestic value-added agriculture and forming new trade partnerships.•Trade retaliation effects underscore the need for careful consideration of future trade policies.

Suggested Citation

  • Steinbach, Sandro & Yildirim, Yasin & Zurita, Carlos, 2024. "Potential implications of trade policy shifts after the 2024 U.S. presidential election for the agri-food sector," Food Policy, Elsevier, vol. 129(C).
    • Handle: RePEc:eee:jfpoli:v:129:y:2024:i:c:s0306919224001520
    DOI: 10.1016/j.foodpol.2024.102741
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    References listed on IDEAS

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    1. Carter, Colin A. & Steinbach, Sandro, 2020. "The Impact of Retaliatory Tariffs on Agricultural and Food Trade," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304367, Agricultural and Applied Economics Association.
    2. Jason H. Grant & Shawn Arita & Charlotte Emlinger & Robert Johansson & Chaoping Xie, 2021. "Agricultural exports and retaliatory trade actions: An empirical assessment of the 2018/2019 trade conflict," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 619-640, June.
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