China is expected to target U.S. agricultural goods in its latest countermeasures against new tariffs imposed by the Trump administration, according to the Communist Party-run newspaper Global Times.
Since China is the largest export market for U.S. farmers, any new agricultural tariffs from Beijing would be felt immediately by a key constituency of the U.S. president. At the same time, though, it could potentially be a boon for countries like South Africa, Brazil, Vietnam, and other agricultural exporters that Chinese food buyers will turn to fill the void left by U.S. producers.
