China’s Ministry of Commerce will not provide tariff exemptions for imports of U.S. agricultural products, while “Chinese related” companies will suspend purchases. That’s just one part of the escalation in non-tariff measures in the deteriorating trade relations between the two countries. It raises the prospect that U.S. exports of food may be cut further, rather than recovering. Exports of agricultural and food products to China from the U.S. already fell 63.6% year over year in the 12 months to Jun. 30 to $5.90 billion. Major products – aside from soybeans – which could see a further ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.