BEIJING – China's threat to raise tariffs on U.S. exports could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers. Regulators picked products China can get elsewhere when they made a $50 billion list including soybeans and small aircraft for possible retaliation in a trade spat with Washington. That should help minimize China's losses if U.S. President Donald Trump goes ahead with a planned tariff hike and Beijing responds, said economist Lu Feng at Peking University's School of National Development. "Compared with the U.S. list, which focuses on high-tech, China's list is more diversified," said Lu. "The impact to China's overall economy is under control." The two sides have not set a date for raising duties.
Drone point of view of a Tractor spraying on a cultivated field. What does the future hold for machine learning/AI within the agricultural sector? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. From the food we eat to the clothing we wear and the gasoline in millions of cars, agriculture touches our daily existence like few other industries. This year alone, we've experienced several major supply shocks--including massive flooding in the American Midwest, a trade war, and the outbreak of serious crop and animal diseases in China--all of which highlight just how unpredictable the system is. Fortunately, we've also reached the point where there are nearly infinite amounts of data available to understand and forecast the complex interplay between global agricultural markets.
BEIJING – Prospects appear to have brightened for a preliminary breakthrough in the U.S.-China trade war after the two sides agreed to reduce some punitive tariffs on each other's goods as part of an initial agreement. A Chinese spokesman announced the development Thursday as talks on ending the trade war progressed -- a development that triggered a rally in U.S. stock markets. The agreement came during talks aimed at working out details of a "Phase 1" deal that was announced Oct. 12. Financial markets had been rattled by reports that China was pushing for tariffs to be lifted, which posed the prospect of a breakdown in talks. Negotiators agreed to a "phased cancellation" of tariff hikes if talks progress, said a Commerce Ministry spokesman, Gao Feng.
China is expected to retaliate against President Trump's tariffs with measures of its own. As a major importer of America's soybeans, the sector is one predicted target. China is expected to retaliate against President Trump's tariffs with measures of its own. As a major importer of America's soybeans, the sector is one predicted target. "Trade wars are good, and easy to win," President Trump tweeted earlier this month after announcing heavy tariffs on steel and aluminum imports.