A new report by the U.S. Congressional Budget Office has found that Americans will spend $3 trillion more on food imports in 2020 than they did in 2015, but the bulk of that increase will come from imported foods, such as pork and chicken.
The report said the increase will be the biggest in a decade and that Americans are eating an even greater amount of meat, dairy, and fish than they have in years past.
That includes a whopping $721 billion in pork imports in 2019, an increase of 17% from the previous year, while beef imports will rise to $532 billion from $389 billion in 2019.
In addition, the U,S.
will consume more than a billion pounds of beef, pork, chicken, and seafood, and will eat nearly a billion more pounds of dairy products than they had in previous years.
The Trump administration has repeatedly accused India of unfairly taxing imports and imposing tariffs, and Congress has repeatedly rejected Trump’s proposed trade deals that would have allowed the U to buy more of its goods from India.
The U.K., Canada, Australia, France, Germany, Mexico, the Netherlands, Spain, and Italy all have tariffs on American products, and India has imposed a total of 25 such tariffs on U.s. goods.
However, the new report says that China, India, and Mexico will account for the majority of all imports in the U.,S.
over the next decade.
It also noted that the U has lost $3.6 trillion in exports to China, the world’s second largest economy, which accounted for $2.7 trillion in 2017, while imports from China increased by $3 billion.