💨 Abstract

China announced 10%-15% tariffs on a range of American agricultural and food products in response to fresh U.S. tariffs. Experts suggest this will negatively impact both countries, but China's countermeasures are politically necessary to avoid escalation. Chinese tariffs on U.S. wheat, corn, and soybeans could benefit Australian exports, but the impact on the total volume of U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖