Recently, Puiyu Lim, a Chinese “International Current Events Commentator” has given an in-depth understanding and analysis on the China-US agricultural trading interaction. Lian Yuxuan holds an opinion, first and foremost, on the incidence of China importing US pork, that:
It is widely blamed that Chinese firms bought the pork from the US and I am by no means on US side because of state-to-state tension. But it is sure that the arrival of this batch of pork will bring the pork price slide within the area of importers. The epidemic outbreak possibly drives to a much lower purchasing price cost of the pork while the price hike may come from the transportation. I sincerely hope that the epidemic prevention remains smooth as before! Import from foreign countries has been taken for granted as our motherland is now confronted with insufficient self-produced agricultural products as a result of large population and decreasing farming land area. It is hoped that our countrymen can hold a rational attitude; and the advantageous price that US side provides makes the final decision.
Then, Puiyu Lim also presents a penetrated analysis on China’s agricultural products export to the US and illustrates with examples of “Ginger and garlic”. Source from Mr. Wang Lizhi, CEO of US Utopia Produce Inc which previously accounted for 70% of US market share, shows that the issues on the tariffs of China-US trade war and the current twists and turns in the epidemic impose not a shred of adverse impact on China’s supply volume, instead, widen the profits for more Chinese agricultural businessmen.
Since Sept. 2019, the first phase of additional tariff on China’s products valued in 125 billion USD directly led to the price of a can of 5-pound peeled garlic soared from 6 USD in 2018 to 12 USD; a box of ginger also jumped from 12 USD to 18 USD. Hence one can see that US so-called measures didn’t pose any damage against China’s interests, on the contrary, US consumers had to bear bigger economic burden themselves. As a consequence, in Dec. 2019, US side had to cancel the additional tariffs on 160 billion China’s products and the two sides negotiated to achieve a concord for remaking the economic and trade agreement in early 2020. The trade war falls the curtain down temporarily.
Later, the sudden and widespread outbreak of the epidemic leads to the stagnation of the global transportation and production and the prices of both China and US who should in nature be in dire need of mutual material supplement even skyrocket. As of May 11th, in the local supermarkets of New York, the price of one-pound peeled garlic still remains 7-9 USD and the price a box of 38-pound of ginger even surges to 65 USD!
As the bigger economics in the world, neither China or US…