日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

US-China trade disputes to hit America's heartland harder than expected

Xinhua | Updated: 2018-05-02 14:24
Share
Share - WeChat
American farmers have been bracing for a tariffs race between the United States and China ignited by the Trump administration -- economic shots that would likely hurt America's historic heartland.[Photo/VCG]

DENVER - American farmers have been bracing for a tariffs race between the United States and China ignited by the Trump administration -- economic shots that would likely hurt America's historic heartland.

Since China's response to US President Donald Trump's tariffs hike policy announced in March, economists have delved into extensive analysis and gloomy prognostication from the disputes.

"The cards are on the table and there's no mystery to China's next move," said David Richardson, a political analyst from Washington D.C..

"With each of Trump's tariffs, China will strike back, and the impact will be worse than indicated by initial economic reports and especially the US media," Richardson warned Monday.

"Long-term, adverse consequences," said Vince Smith, an economist at Montana State University. 

Waves of pain

Experts say the ripples of pain from America's vast heartland, still considered "The Breadbasket of the World," also strike at the very core of America's historic, cultural fabric.

"Wheat is called the sacred crop from the Bible, our daily bread, and also is called 'amber waves of grain' in America the Beautiful," said Brad Erker, executive director of the Colorado Association of Wheat Growers (CAWG).

America the Beautiful glorifies the country's vast wheat fields, calling them "amber waves of grain," that cover more than 1 million square miles (2.6 million square kilometers) from Texas to North Dakota.

More than 160,000 US farms in 42 states contribute to wheat production, according to the 2007 Agriculture Census. Two-thirds of these farms are in America's Great Plains that stretch west from the Mississippi River to the Rocky Mountains.

Nationwide, farmers devote more than 45 million acres (182.1 million hectares) to wheat production each year.

But even bigger agriculture losers in a US trade disputes with China will be corn and soybean farmers, according to Smith, an agricultural economist specializing in international trade.

Soybeans yield annual revenues of $38 billion, US Department of Agriculture (USDA) statistics show, and the industry is in the cross-hairs of the retaliatory salvo with potential losses in the billions alone, experts say.

US export data shows China's 1,085 million bushels (mb) a year dwarfing other top soy recipients: EU (167 mb), Mexico (131 mb), Japan (80 mb), according to USDA statistics.

With China importing 90 percent of its soybean needs and 34 percent of these coming from the United States, signs are clear that looming economic hardship could be severe, according to Dutch multinational banking company Rabobank.

Rabobank, a leading financial services provider for the agri-business sector, said that US farmers could be driven to reduce soybean acres, while South American farmers will see an expansion of their harvest.

The company predicts a rise in the prices of all soy products to the American consumer, and notes that "if all proposed duties took effect, 40 percent of the US exports to China would be affected but only 10 percent of China's exports to the United States (would be)."

Grain groans

In the wheat industry, Montana was America's third-largest producing state in 2017 behind Kansas and North Dakota, according to the USDA.

"Not many options," said Montana State University Professor Anton Bekkerman, on the future of the American wheat farmers.

Already, North Dakota farmers have shifted away from wheat production, and the ripple effect of the upcoming tariffs might include America's fragile involvement in the North Atlantic Free Trade Agreement (NAFTA), according to Bekkerman, a well-published agricultural economics expert.

"If additional strings are placed on the NAFTA structure then we're going to lose a major market," Bekkerman said, noting that in 2017 NAFTA was the country's top importer of wheat.

Countries like Mexico are already looking for other places to buy wheat, and that strain is getting producers worried, Bekkerman told Xinhua.

With China, the European Union and India producing more wheat than US farmers, according to the USDA, buyers may start looking to other global producers to meet their needs, thus leaving America in the lurch, experts told Xinhua.

Survival for the American farmer may mean focusing on "quality" or receiving federal subsidies to pay the bills, experts said.

"China is growing like crazy with an expanding middle class," said Bekkerman. "They want quality products and that is an area where we can always deliver."

The owners of America's 2 million farms have been historically conservative and oppose government bailouts and subsidies, but Trump Administration officials are already mentioning this possibility.

"There are new rumors that Trump and (Secretary of Agriculture Sonny) Perdue will enact domestic policies to keep prices up for farmers," Erker told Xinhua.

"These domestic policies would mean subsidies -- a price borne by taxpayers in the United States, and nobody wants that," Erker said.

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: 偷拍亚洲制服另类无码专区 | 色综合美国色农夫网 | 日韩免费观看视频 | 热99re久久精品2久久久 | 女同久久另类99精品国产 | 欧美日韩在线一区二区 | 精品一卡2卡三卡4卡免费观看 | 日韩不卡视频在线 | 国产成人综合一区二区三区 | 小明永久成人一区二区 | 国产99999| 亚洲第一久久 | 一级女性大黄生活片免费 | 久久精品伊人 | 国产美女一区二区三区 | 日韩精品久久久久久久电影99爱 | 色综合久久精品中文字幕首页 | 国产成人啪精品视频免费网站软件 | 五月天激情综合网 | 蜜芽亚洲| 热久热 | а√天堂资源中文最新版地址 | 欧美日韩一区二区三区在线观看 | 99青草青草久热精品视频 | 欧美高清在线精品一区 | 亚洲精品人成网在线播放影院 | 欧美成人精品一区二区三区 | 久久精品网| 欧美国产伦久久久久 | 欧美日韩国产一区二区三区播放 | 91麻豆精品国产91久久久更新时间 | 男女激情网址 | 无遮挡又黄又爽又色的动态图1000 | 大开眼界电影完整在线看 | 亚洲欧美色欧另类欧 | 久青青| 美女黄影院 | 日韩在线不卡 | 国产精品欧美一区二区三区不卡 | 漂流教室免费观看韩国电影 | 久久特级毛片 |