The US Has Never Imported So Much Food

[ltlee1]

https://finance.yahoo.com/news/us-never-imported-much-food-222428377.html

"(Bloomberg) -- The US, known for being a global agriculture powerhouse,
has never imported so much food.

Inbound shipments of everything from avocados to coffee and sugar are
expected to drive the country’s agriculture trade deficit to a record
$49 billion this year, the US Department of Agriculture said in its
trade outlook report. At the same time, America’s most widely grown
crops have been losing overseas markets over the past decades.

It’s a stark turnaround for a nation that once used its abundant food
supplies as a tool of statecraft, with the US now facing a future of
persistent agricultural trade deficits. The country imported more food
than exported every year since 2023. Before then, the only other annual
deficits were in 2019 and 2020, during President Donald Trump’s trade
war with China, and several years prior to 1960."

[ltlee1]

Something is very wrong in the US.

A cheaper dollar would solve a lot of US power.

However, cheaper US dollar is currently not considered because expensive
dollar is somewhat structural. Any hint of lower dollar exchange rate
would prompt many who currently holding dollar assets to sell. This in
turn would force the interest rate up. Without which US could not
possibly continue its deficit spending. Higher interest then increases
the dollar exchange rate.

Nevertheless, the US government still needs polices to preclude high
food inflation in a sudden. High egg price at present may be a prelude.