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Predicting Potential Impacts of China’s Retaliatory Tariffs on the U.S. Farm Sector

Author

Listed:
  • Zheng, Yuqing
  • Wood, Dallas
  • Wang, H. Holly
  • Jones, Jason P.H.

Abstract

In April 2018, China proposed import tariffs up to 25% on hundreds of U.S. products, including soybeans, cotton, sorghum, and pork. We analyze the potential impact of these tariffs on U.S. domestic prices, production, and economic welfare. U.S. exports to China could decrease as much as 83%.

Suggested Citation

  • Zheng, Yuqing & Wood, Dallas & Wang, H. Holly & Jones, Jason P.H., 2018. "Predicting Potential Impacts of China’s Retaliatory Tariffs on the U.S. Farm Sector," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 33(2), June.
    • Handle: RePEc:ags:aaeach:273329
    DOI: 10.22004/ag.econ.273329
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    Citations

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    Cited by:

    1. Chen, Le & Boyer, Christopher N. & Smith, Aaron, 2024. "Ad Hoc and Farm Bill Payments Impact on Non-Real Estate Farm Debt," 2024 Annual Meeting, July 28-30, New Orleans, LA 343617, Agricultural and Applied Economics Association.
    2. Cortney Cowley, 2020. "Reshuffling in Soybean Markets following Chinese Tariffs," Economic Review, Federal Reserve Bank of Kansas City, vol. 0(no.1), pages 5-30, June.
    3. Wenting Wang & Longbao Wei, 2021. "Impacts of agricultural price support policy on price variability and welfare: Evidence from China's soybean market," Agricultural Economics, International Association of Agricultural Economists, vol. 52(1), pages 3-17, January.
    4. Saeed, Wajiha & Hertel, Thomas & Chepeliev, Maksym & Golub, Alla & Beckman, Jayson, 2020. "U. S. Trade Policies and Their Impact on Domestic Vegetables, Fruits and Nuts Sector: Application of the GTAP-HS Modelling Framework," Conference papers 330204, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Minghao Li & Wendong Zhang & Dermot J. Hayes, 2018. "China’s Agricultural Import Potential," Center for Agricultural and Rural Development (CARD) Publications 18-pb23, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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