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About half of American soybeans, the top U.S. export to China, are shipped to the country, accounting for $15.2 billion of trade in 2023, according to the U.S. Census Bureau.
China is stockpiling more than semiconductor chips amid its trade war with the US. Last year, China imported a record 105.03 million metric tons of soybeans — a key crop that was embroiled in ...
On July 10, the United States Trade Representative, in reaction to China's retaliatory tariffs that took effect July 6, requested comments, gave notice of public hearings and issued a proposed list of Chinese products amounting to an annual trade value of about $200 billion that would be subjected to an additional 10% in duties on top of what ...
More than 50% of US soybeans and close to 20% of autos are also exported to the country. That puts agriculture and forestry at the highest risk if Washington falls into Beijing's retaliatory ...
In 2017 China imported goods worth $19.1 billion, but due to tariffs imposed by China on agriculture products the number of imported goods fell to $9.1 billion. China purchased 14.3 million tonnes of US soybean, which is the lowest number in 11 years. Before US-China trade war, China imported 32.9
A paper issued in 2019 by trade economists from the Federal Reserve and Columbia and Princeton universities reported that the trade war was costing the U.S. economy $1.4 billion per month by the ...
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau. The Trump tariffs (sometimes referred to in media as the Trump–China trade war) were protectionist trade initiatives during the first Trump administration against Chinese imports.
In an analysis published before the presidential election, researchers examined potential scenarios of tariffs and retaliatory measures, and estimated that if a significant trade war occurs ...