U.S. is boosting foreign food and ag purchases, up 21%
The U.S. is boosting its purchases of foreign food and ag products.
This comes as exports run 10 percent higher compared to last year. Now, imports are also seeing a 21 percent increase which is considered a significant jump. In March alone, imports equaled nearly $18 billion dollars which were higher than exports, and $2 billion higher than any other month on record.
Beef and veal imports were up 33 percent and dairy was up 11 percent.