Attacks along the Red Sea are disrupting global trade.
An economist with the American Farm Bureau shares how this could impact farmers here at home.
“Long-term disruptions though can have impacts on U.S. farmers. We are already seeing that surcharges have been added onto a lot of ag exporters already without a 30-day notice which is mandated by the Federal Maritime Commission, so it won’t be long until farmers who have exported goods to those regions may feel a pinch. So, we’ll be watching this closely,” said Danny Munch.
Maersk, the second-largest shipping company in the world, has announced a stoppage of shipments through the Red Sea due to these ongoing attacks.
