![Senators concerned over growing agricultural trade deficit Senators concerned over growing agricultural trade deficit](https://wex-s3.s3.us-east-1.amazonaws.com/wp-content/uploads/2024/03/AP24073756424870.jpg)
(The Center Square) — U.S. agricultural trade exports declined by $17 billion in fiscal year 2023, raising concerns from U.S. senators about how the Biden administration will address the issue.
The deficit is growing and will decline by another $8 billion in fiscal year 2023, the senators said in a letter to U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack.
“As a result, the U.S. agricultural trade deficit is projected to reach a record $30.5 billion in FY 2024,” the …