China says U.S. farmers may never regain market share lost in trade war

This story is being published by POLITICO as part of a content partnership with the South China Morning Post. It originally appeared on scmp.com on Aug. 11, 2018

China can easily find other countries to buy agricultural goods from instead of the U.S., its vice agriculture minister said, warning that American farmers could permanently lose their share of the Chinese market as a result of the trade war.

“Many countries have the willingness and they totally have the capacity to take over the market share the U.S. is enjoying in China. If other countries become reliable suppliers for China, it will be very difficult for the U.S. to regain the market,” Han Jun told official Xinhua news agency in an interview on Friday.

He also warned that American farmers could lose the position in the Chinese market they have spent several decades building up. Han said they may not be able to make up the loses brought by retaliatory tariffs, even with the White House’s planned $12 billion aid package for farmers caught in the dispute.

He said Beijing had imposed duties on 90 percent of the agricultural goods the country imports from the United States since the trade war kicked off at the start of last month, with limited impact on China……More Here

 

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