AG Secretary Says Biden Admin Racked Up $49 Billion Trade Deficit That Triggered 30% Surge In Farm Costs

U.S. Secretary of Agriculture Brooke Rollins said on Fox Business Wednesday that the Biden administration left a $49 billion deficit in the export market that led to the costs of agricultural inputs to rise by 30%.

During an appearance on “Kudlow,” Rollins said there’s a $49 billion deficit in farm products that deviates from the balanced trade figures seen four years prior under President Donald Trump. Rollins said the current surge in the farm costs were due to the failed policies of the Biden administration.

“When you bring the cost of inputs down, it went up 30% under Joe Biden. Listen, the export markets, we lost the entire market of exporting. We have a $49 billion deficit for our farm products and our farm producers,” Rollins said.

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Rollins then compared it to the deficit under the first term of President Trump.

“When we left Trump one, Larry, four years ago, it was a 0% deficit. So all of these things matter. It will take a little bit of time. You can’t do anything overnight. But I think the president’s vision he laid out last night, those of 🇺🇸US who are on the team here again, and for the first time, realized what we’re doing, what’s at stake, we’re fighting every single day,” Rollins told Larry Kudlow.

Rollins also discussed the unrealistic expectations placed on the current administration to reverse economic trends within its first 30 days.