Jun 27 2018, 3:05 PMJun 28 2018, 8:46 AMJune 27 2018, 3:05 PMJune 28 2018, 8:46 AM
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 impact on the global economy would be “devastating,” said Zhang Xiaojun, director general at China International Trade University. 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".