echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Feed Industry News > Sino US trade conflict will bring adverse effects on agricultural products trade

    Sino US trade conflict will bring adverse effects on agricultural products trade

    • Last Update: 2008-11-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Introduction: according to a senior Chinese analyst, the Bush administration's practice of setting import quota restrictions on China's textile imports may hurt the agricultural trade of these two economic powers, especially the soybean trade Professor Huang Jikun, director of the agricultural policy research center of the Chinese Academy of Sciences, L93, said he thinks it's not good for both countries, and it's not a win-win solution On Tuesday, the United States announced safeguard measures for three kinds of textiles imported from China, including knitted fabrics, brassieres and gowns, limiting the total value of these products exported to the United States to a maximum of 7.5% higher than last year's export value for one year L93 later, a Chinese procurement delegation postponed a planned visit to the United States, which was scheduled to start this week The planned procurement covers American agricultural products such as wheat, soybeans and cotton A Chinese delegation went to the United States last week to sign contracts for American cars, jet engines and Boeing aircraft U.S officials have been counting on these purchases to help narrow the huge trade surplus between the two countries, which is expected to grow to $120 billion this year China also said this week that it would raise import tariffs on some U.S goods if the U.S did not lift tariffs on steel imports At an economic and environmental conference in Singapore, Professor L93 Huang Jikun said that China is a trading partner of the United States and imports a large amount of American soybeans every year Any form of trade conflict will have a certain impact on soybean trade L93 although China produces soybeans, it is also the largest soybean importer in the world Chinese traders and analysts have predicted that soybean imports will reach 25 million tons in 2003-04 (October to November next year) to meet the expanding crushing industry The total soybean imports in 2002-02 were 21.42 million tons, mainly from the United States, Brazil and Argentina Professor Huang Jikun, L93, said the trade conflict would hurt the interests of both China and the United States, but it would be beneficial for other suppliers to export soybeans to China, namely Brazil and Argentina L93 up to now, China has ordered about 7 million tons of American soybeans in 2003-04 By the end of this year, the total amount of American soybeans imported by China may reach 10 million tons In 2002-03, China imported 7.68 million tons of soybeans from the United States, worth at least $1.5 billion L93 for wheat, Chinese officials said a few weeks ago that China may buy up to 1 million tons of wheat from the United States, and now the procurement plan is stranded as the travel of the procurement delegation is delayed L93
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.