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USDA expects record trade deficit to be short-lived

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Ag Secretary Tom Vilsack says he expects the U.S. agricultural trade gap to be adjusted in the next few years.

Ohio Congressman Max Miller questioned what his plans were to address the trade deficit which nearly doubled last year to $30 billion as part of a U.S. House Ag Committee hearing Wednesday.

“The reality is, when the Chinese economy suffers, basically exports suffer,” Vilsack explained. “When our economy is stronger than any other economy in the industrialized world, our consumers are able to purchase more world consumers are able to purchase less, that impacts exports.”’

Vilsack said the new Regional Agricultural Promotion Program will help the U.S.

USDA expects record trade deficit to be short-lived