December 9, 2024
U.S. soybean exports to China could fall 71 percent in trade spat, study finds
If China imposes retaliatory tariffs on U.S. soybeans, exports to Beijing could drop by nearly three-quarters, a new study finds. The study -- conducted for the U.S. Soybean Export Council by two agricultural economists at Perdue University, Wally Tyner and Farzad Taheripour, and released on March 28 -- modeled the effects of Chinese tariffs ranging from 10 to 30 percent on U.S. soybean imports. A 10 percent tariff would cause U.S. soybean exports to China to drop by a third,...
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