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The trade conflict started last month when Ecuador's President Daniel Noboa imposed tariffs as a complaint over Colombia's alleged failure to address security concerns.

The decline was driven by drops in corn (-24.9%), soybeans (-59.4%), and sugar (-69.5%).

Analysts say the reduction is due to the decrease in imports of corn, wheat, and other agricultural products

Of the total corn subsidies paid by the US government, 68.7% went towards the production of ethanol, amounting to $0.06646 USD per kilogram subsidy.