Singapore Lianhe Zaobao reported today (April 21) that "the trade war between the world's two largest economies has intensified, and China has sharply reduced imports of various American commodities last month, with some commodity inputs dropping to zero."
According to relevant data, there are two types of commodities that have dropped to zero. One is wheat, and the other is liquefied natural gas. They accounted for 17% and 5% respectively of last year's import volume in China. The import volumes of American agricultural products such as cotton and corn have also plummeted sharply.
The tariff war launched by the United States in an attempt to suppress China has backfired on its own agriculture and farmers. Agricultural products are unsold, farmers' incomes have sharply decreased, and farm operations are陷入 difficulties. Many farmers in the Midwest agricultural states of the United States are worried about losing the Chinese market. This move by the Trump administration harms others without benefiting itself and will inevitably be counterproductive.
Original article: https://www.toutiao.com/article/1830013105692826/
Disclaimer: The article represents only the views of the author.