HomeAg NewsChina Pivot from US Farm Imports Bolsters it Against Trade War Risks

China Pivot from US Farm Imports Bolsters it Against Trade War Risks

China’s push to shift its food import sources since 2018 has put it in a better position to impose tit-for-tat tariffs on U.S. farm goods with less harm to its food security if trade friction with Washington flares after the U.S. presidential election.

Reuters reports the threat of a trade war looms for China, the world’s top importer of farm products such as soybeans and corn, with Republican candidate Donald Trump floating blanket 60% tariffs on Chinese goods in a bid to boost U.S. manufacturing. His opponent Kamala Harris, a Democrat, is also expected to confront China on trade.

China’s pivot began in 2018, when Beijing slapped 25% tariffs on imports of U.S. soybeans, beef, pork, wheat, corn and sorghum, retaliating against duties imposed by the Trump administration on $300 billion worth of Chinese goods. China has decreased U.S. purchases, buying more grain from Brazil, Argentina, Ukraine and Australia, even as it boosts domestic production.

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