As Trade War Worsens, Chinese Ag Buyers Shift From U.S., Canada to Brazil

File image of a Brazilian combine harvesting wheat. CC BY 4.0

Beginning Monday, China will increase tariffs on U.S. chicken, wheat, corn, and cotton exports by 15%, with duties on a slate of other food products, including soybeans, pork, and beef, going up by an additional 10%. The Commerce Ministry in Beijing says these latest measures are in response to 20% tariffs on all Chinese imports coming into the U.S.

With the trade war worsening, Chinese buyers are increasingly looking to Brazil and other South American countries to fill the void left by the United States and Canada, that’s also getting hit by new Chinese tariffs on agricultural products.

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by Eric Olander

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