US agricultural exports, including soyabeans , cotton, beef and cereal, could see their value drop by 7.5% as a result of bilateral tariffs, according to governmental think tank WeChat . The report, published on WeChat , offered the results of a simulation, which also included potential price hikes on imports of soyabeans and cotton of between 40% and 50% and 7.5% respectively. The study also suggested US turned to its Belt and Road Initiative partners for commodity supplies, but said solving the trade dispute would be a "win-win move".
US agricultural exports, including soyabeans, cotton, beef and cereal, could see their value drop by between 40% and 50% as a result of bilateral tariffs, according to governmental think tank Chinese Academy of Agricultural Sciences. The report, published on WeChat, offered the results of a simulation, which also included potential price hikes on imports of soyabeans and cotton of 5.9% and 7.5% respectively. The study also suggested China turned to its Belt and Road Initiative partners for commodity supplies, but said solving the trade dispute would be a "win-win move".