Food news from the UC Division of Agriculture and Natural Resources
- Author: Ria DeBiase, Communications Director, Giannini Foundation of Agricultural Economics
Published on: May 21, 2024
If China’s Permanent Normal Trade Relations status were to be revoked, crops that rely heavily on China for exports, such as tree nuts, would be more severely impacted. Photo by Andy Li, Unsplash
Loss of China's preferred trade status could hurt crop, dairy and livestock exports
The Biden administration recently announced large, increased tariff rates for Chinese electric vehicles, solar cells, semiconductors, and aluminum and steel products. This raises the possibility of another trade war with China that could impact agriculture.
Economists from UC Davis and North Dakota State University evaluated the potential implications of the U.S. revoking China's Permanent Normal Trade Relations (PNTR) status. They found that if China retaliated against a change in...
Public Value:
UCANR: Promoting economic prosperity in California
Tags: agricultural exports (0), China (0), Colin Carter (0), Giannini Foundation of Agricultural Economics (0), Trade (0)
Focus Area Tags: Agriculture, Economic Development
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