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Podcast: Agri-food caught in the crossfire as US-China trade dispute escalates

US President Donald Trump’s rhetoric on “unfair trade” with China has turned into action, with the proposed imposition of import tariffs on a number of products worth billions of dollars. Are we on the verge of a trade war that will adversely impact the global farming and food sectors?

While some countries have secured exemptions, the duties have sparked an angry response from China, which has slapped its own retaliatory measures on a number of US agri-food items such as pork, nuts, fruit and wine – with the threat of more to come.

Please note, this podcast was recorded prior to the latest round of US tariffs being released and the subsequent announcement of retaliatory measures by China, including a 25% tariff on soybeans.

What is the US agriculture industry’s response and how will the administration respond, considering Trump’s rural vote base?

Meanwhile, there are commentators who are claiming that such actions by the US mean the World Trade Organisation is now irrelevant and on its deathbed. Is this true? Or have we been here before?

In this podcast, IEG Policy publishing director Adam Sharpe talks to trade policy expert Peter Ungphakorn and senior US agriculture policy analyst Roger Bernard.

Simply press play button below to listen.

 

A version of this article first appeared on IEG Vu’s sister website IEG Policy. For further information on IEG Policy, or to request a free trial, contact the Customer Support team.

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