Last week was monumental for American farmers. Under the new U.S.-Korea trade agreement, two-thirds of the tariffs imposed on U.S. food and agricultural products exported to South Korea are being eliminated. That includes wheat, corn, soybeans for crushing, whey for feed use, hides and skins, cotton, cherries, pistachios, almonds, orange juice, grape juice, and wine.
Over the next few years, as additional barriers fall and more U.S. businesses market products to Korea’s expanding economy, American agricultural exports should grow by $1.9 billion and help support nearly 16,000 jobs here at home.