Cotton Association of India - In response to the United States’ proposed tariffs on Chinese goods, the Chinese Ministry of Commerce has announced its plan to impose a 25% tariff on 106 U.S. goods, including agricultural products such as cotton, soybean, corn and beef. The effect of the Chinese tariff is expected to impact exports worth about $50 billion from the United States
The impact would be the dislocation of U.S. cotton and agricultural exports, which may likely harm U.S. farmers, stated Darren Hudson, professor and Combest Chair of Agricultural Competitiveness at Texas Tech University. More cotton would likely be pushed to Southeast Asia and away from China, he added.
Read the whole story here.