411 research outputs found
The Case for Healthy U.S.âChina Agricultural Trade Relations despite Deglobalization Pressures
The COVIDâ19 pandemic is crippling the global economy and heightening distrust and political disagreements among major countries. Furthermore, ongoing deglobalization efforts taken by firms and countries are fueling the rise of economic nationalism. A prime example is the possible decoupling of USâChina economic and trade relations, which the ongoing trade war has already significantly disrupted. This paper analyzes the impacts of COVIDâ19 on US agricultural exports to China, especially the added delays and uncertainty regarding China\u27s food imports meeting the USâChina phase one trade deal target. I present the views of US farmers and the general public toward China and argue that healthy USâChina agricultural trade relations are not only critical for both countries but welcomed by US farmers. I also discuss the possible rise in nontariff barriers following the pandemic as well as trade policies that are increasingly intertwined with political tensions. Finally, I discuss how the USâChina phase one trade deal could possibly lead to a more balanced bilateral agricultural trade portfolio with greater share of protein and retail food products
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