Chinese definitions on a large number of American agricultural products have become the most recent revenge in the trade war that reveals between the two best economies in the world.
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(Bloomberg) – Chinese definitions have entered a large number of American agricultural products into effect, and the latest revenge in the trade war that reveals between major economists in the world.
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China's willingness to use food as an anti -United States measure, historically, confirms one of the largest service providers, for both the government's success in promoting agricultural self -sufficiency and the impact of slow economy upon request.
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Agricultural tariffs, which run from 10 % to 15 % on a large list of elements including pills, proteins, cotton and fresh products, follow the initial procedure that focuses on energy and critical minerals. Soybeans were also stopped from three American companies, as well as all American wood purchases.
In a separate step on Saturday, Beijing imposed average definitions on a group of Canadian agricultural commodities that will enter into force on March 20.
Ensure that 1.4 billion citizens are sufficiently fed and continue to lead the policy agenda. While China remains a major export market for the Republican states largely in the farm belt in the Middle West, Beijing's efforts to reinstineed supply chains after the Trade War during the first Trump presidency weakened Washington's influence.
The disappointing recovery of the Chinese economy from the epidemic has resulted in a bright point: a group of food. He has taken more urgent local excess effect. Local wheat prices are about five years, and corn imports have collapsed. The latest data on Sunday showed that the shrinkage holds consumer prices, driven by a sharp decrease in food.
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The government responded by trying to protect its farmers. Merchants were asked to limit the purchases of grain abroad, including barley and delicate corn, while soybeans were delayed.
Hamas Beijing for trade and fees investigations in recent months, and targeting elements of seeds and legumes to seafood, meat and dairy, indicates that policy makers do not strike excessively by creating barriers in front of imports, especially on the excellent elements that endured death by the family.
All these efforts behind these efforts are the registration of pills, and a determination to use this period of many to build reserves. In its annual legislative meeting that concludes this week, the government raised the goal of its production for the year and its storage budget.
More technical measures, such as reducing a soybean meal in secondary classes, are also promoted, indicating constant concern about the weakness of cattle herds to foreign soy supplies.
Soybeans are exported to be the best agricultural export in America to China, at a value of $ 13 billion in 2024, and the focus of intense efforts in recent years to turn the country's dependence into other less hostile suppliers such as Brazil.
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The World Production Season will leave the South American State of America, which represents the largest part of Chinese imports until at least the fourth quarter, which may leave the customs tariff by 10 % on American beans, neither here nor there in the coming months.
Of course, the government will want to obtain the leadership of the economy, and a large part of that will be the temptation of shoppers to open their governor. Successful stimulation of salads can see high food prices and change thinking in imports. The effect of crops for the harsh weather caused by climate change will also affect the calculations.
But in the meantime, in targeting American agricultural commodities, Beijing deploys one of the higher and lowest effects in its commercial arsenal.
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Diaries this week
(At all times, Beijing is not noticed.)
Monday 10 March:
- China imposes a tariff on American agricultural goods
- The Congress of the National People in Beijing, the sixth day
- China for issuing financing and total supply data in February 15 March
Tuesday, March 11:
- The National People's Conference in Beijing concludes
- Mysteel International Iron Ore Market in Qingdao, the first day
- A monthly report to provide crops in China CASDE
Wednesday 12 March:
- Mysteel International Iron Ore Market in Qingdao, the second day
- Csia weekly Polysilicon prices
- Weekly briefing CCTD online on Chinese charcoal, 15:00
Thursday, March 13:
- Mysteel International Iron Ore Market in Qingdao, today 3
- Evaluating the price of the weekly solar chip from CSIA
- Profits: Rosal
Friday, March 14:
- Weekly iron ore in stocks in China
- Shanghai's weekly commodity stocks, about 15:30
- Profits: Catl, hongqiao
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