Soybean Farmers
Estimated Cost: $1.9 billion in 2018
America’s soybean farmers don’t fall under the umbrella of a single company, but they might be the biggest losers in this tariff fight. The U.S. was the largest exporter of soybeans to China, but the tariffs China imposed resulted in a major market loss and sent prices down in 2018.
Although the initial plunge was followed by a recovery, it still resulted in a decrease of nearly 5% in soybean prices over the course of the year. Based on the $41 billion in soybeans sold by American farmers in 2017, that drop translates to around $1.9 billion in lost value for their crop.
