Supply Chain Research

U.S. Agriculture Secretary Sonny Perdue has stated a trade deal with China could result in a “doubling or tripling” of U.S. agricultural exports within two to five years. President Donald Trump has already called on China to cut its agricultural tariffs. Yet, a final deal is unlikely to emerge until at least April. Tariffs have slashed 59.0% year over year from U.S. agricultural exports to China which were worth $7.0 billion in 2018. In 2017 oil seeds, including soybeans, accounted for 74.4% – or $12.9 billion – of the total $17.3 billion of U.S. agricultural exports to China. A tripling...