三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Tariffs may take the wind out of US agricultural exports

By Ai Heping in New York | China Daily | Updated: 2018-04-04 09:32
Share
Share - WeChat
Ginseng and pork were among the 128 US goods that China said will face new tariffs in response to US tariffs on steel and aluminum that took effect last week. [Photo/VCG]

Sioux County, Iowa, is home to just 34,000 people, but more than 1 million hogs. Marathon County, Wisconsin, has a population of 135,868, and is home to 180 growers of ginseng.

On Monday, ginseng and pork were among the 128 US goods that China said will face new tariffs in response to US tariffs on steel and aluminum that took effect last week.

Ginseng and 119 other products - including fresh and dried fruits, nut products, wine and modified ethanol - face 15 percent tariffs. Pork and pork products and recycled aluminum are among eight products that will face tariffs of about 25 percent.

Agriculture forecasters said the impact of Monday's move should be limited, and noted that China also avoided - at least for now - adding a tariff on US soybeans, the United States' most valuable agriculture export to China at $14 billion annually.

They also said that if the tariffs imposed on Monday last, they will add to US farmers' woes.

US Department of Agriculture statistics indicate that while farm income has been cut nearly in half in the past four years, farm debt has increased by more than a quarter - with projections that it could surpass $390 billion in 2017, the highest level since the farm crisis of the 1980s.

If the tariffs persist, analysts expect that farmers in Iowa, Wisconsin and other farm states will use their significant political influence in November's midterm elections.

In 2016, more than 75 percent of rural voters in the Farm Belt cast their ballots for Donald Trump.

Of the nearly $20 billion of goods sent to China in 2017, the American pork industry sent $1.1 billion in products, making China the No 3 market for US pork. Iowa is the nation's largest pork producer.

Neil Dierks, CEO of the National Pork Producers Council, said in a statement on Monday that the US and China are still negotiating and "we are hopeful that the 25 percent tariffs on pork will be short-lived".

"Just prior to the duty, hog production in 2018 was at breakeven (and with) the reduction in futures prices, if they last, will cause 2018 to be a loss-making year for most producers," Dermot Hayes, an Iowa State University economist, said in an email.

"If pork exports to China just decrease but do not vanish, that would soften the blow. A 25 percent tariff would be a big increase in the US pork price in China, so I would assume that the shock would be significant," North Carolina State University professor John Beghin wrote in an email.

The tariff in the short run will decrease the price of pork products in US markets while producers redirect these supplies to other markets like Mexico, or other Asian and Latin-American countries, added Beghin.

In the spring of 2017 in Eagle Grove, Iowa, family-owned Prestage Farms broke ground to construct a pork processing plant in anticipation of exporting its products to China.

Ron Prestage, president of the company, told China Daily on Monday that the tariff on pork and other agriculture products "is counterproductive to the best interests of both China and the US".

"Let's hope that sanity prevails and this proves to be a short-lived issue," he said.

Paul Welitzkin in New York, May Zhou in Houston and Lia Zhu in San Francisco contributed to this report.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 午夜一级毛片不卡 | 亚洲精品视频区 | 在线精品视频免费观看 | 欧美亚洲另类一区中文字幕 | 九九热视频在线 | 亚洲邪恶| 薰衣草视频高清在线观看免费 | 国产三级a三级三级野外 | 国产麻豆高清视频在线第一页 | 老子影院午夜伦不卡亚洲 | 青草免费免费观看视频在线 | 日本毛片在线 | 久久911 | 闲人综合网 | 国产美女网站视频 | 色青青草原桃花久久综合 | 性福宝向日葵视频 | 久久久精品久久久久久 | 五月婷婷久 | 黑人巨大两根一起挤进来 | 麻豆影视视频高清在线观看 | 欧美日韩国产高清一区二区三区 | 大伊香蕉在线精品不卡视频 | 久久精品福利视频在线观看 | 天天看a| 韩国尤物主播性视频在线播放 | 特黄特色大片免费视频播放 | 1819高清欧美xx| 国产精品麻豆一区二区 | 久久亚洲精品国产精品777777 | 黄色大片一级片 | 成人男女网18免费看 | 一级视频在线观看免费 | 欧美在线一区视频 | 久久国产精品1区2区3区网页 | 欧美国产日韩做一线 | 精品国产免费一区二区三区 | 爱干tv| 久久亚洲黄色 | 亚洲午夜久久久 | 久久精品国产免费高清 |