U.S. Trade Deficit Discussed at AFBF FUSION Conference

Of the issues discussed at the American Farm Bureau Federation’s FUSION conference was that of the U.S. trade deficit. The fiscal year 2025 is projected to see a record trade deficit of $49 billion, a figure that has been growing annually and is expected to rise by nearly 40% next year. The U.S. exports bulk commodities, while imports include high-value products like fresh fruits and vegetables.