Newswise — New studies from University of Illinois Urbana-Champaign experts explain how tariffs are changing international markets for U.S. agricultural exports and the U.S. beer market.
Dr. William Ridley (agricultural exports) says, “Row crops are the backbone of U.S. agricultural exports, but markets are shifting as trade conflicts create uncertainty and instability. One of the main factors causing exports to nosedive is the ongoing trade dispute with China.”
Dr. Aaron Staples (beer) says, “The impact of the tariffs might not be immediate. The effects could be delayed until the inventory on hand dries up or brewers decide they can no longer afford to absorb these added costs. But once beer prices go up, we don’t typically see them come back down.”
For more context on these statements or to set up interviews, contact news@aces.illinois.edu.
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