President Donald Trump says he has asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?
The most obvious impact will be on Brazil and Argentina, which were among the biggest winners of the trade war, as their soybeans in China displaced those of the United States. Should the Asian nation dump its 25% retaliatory tariffs on soy — America’s biggest agricultural export to China before the trade war — their big advantage will fade.
But should China follow through on an offer to buy an extra $30 billion a year in American farm products, a raft of other countries could see sales to the world’s biggest commodity buyer decline.
Read more at TT News
