Tariff Quote Watch: Phase 1 Trade Deal Too Late to Save Agrochemicals in 2020 — Panjiva
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Tariff Quote Watch: Phase 1 Trade Deal Too Late to Save Agrochemicals in 2020

China 3048 Materials - Chemicals 273 Quote Watch 452 Tariffs 1866 U.S. 5399

The U.S.-China trade war has had direct and indirect implications for agricultural chemical firms. Sharda Cropchem’s Chairman, Ramprakash V. Bubna, has said the trade war “has had a very big dampening effect” on sales of agrochemicals as a result of Chinese restrictions on U.S. farm goods. The phase one trade deal is set to boost U.S. agricultural exports to China to $33.4 billion in 2020 from $20.9 billion in 2019, yet Bubna has noted that “for the spring, most of the purchases are done by the customers in the first say February and March. So we are likely to miss the season of spring f...

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