As the 2018/2019 U.S.-China trade war disappears further in the rearview mirror, a USDA report shows $27 billion was lost in ag export sales over the course of the feud. Now in 2022, sales to China have rebounded since the phase-one trade agreement, but the overall U.S. market share has remained lower in comparison. The trade war began as former President Trump imposed tariffs on China in 2018 for its policies on intellectual property and technology transfer.

Of the $27 billion lost, states most impacted include Iowa at $1.46 billion lost each year, Illinois at $1.41 billion and Kansas lost $955 million annually. U.S. exports to China accounted for 20% of all Chinese ag imports in 2017. After the phase-one agreement, sales to China increased dramatically at $33.4 billion. USDA’s Economic Research Service says the market share has not fully recovered one year out from the phase-one agreement signing.

Read more analysis here and access the full “Economic Impacts of Retaliatory Tariffs on U.S. agriculture” report here.