Export value of rice to China decreased by 14% or more from the same period of the previous year Impact of the new corona 6:03 on May 6
From January to March, the value of exports from the United States to China fell by more than 14% over the same period last year. The main factor is the slump in the Chinese economy due to the new coronavirus, but the Trump administration continues to demand a large export expansion of American products agreed in the previous trade negotiation, and the conflict between the two countries may worsen again. I am.
According to trade statistics released by the US Department of Commerce on the 5th, the value of exports to China excluding service from January to March was $ 23 billion, a decrease of 14.6% compared to the same period of the previous year.
This is mainly due to the drop in demand from the Chinese side, which had been limiting production activities of companies due to the spread of the new coronavirus.
In the US-China trade negotiations, in January this year, the US agreed to significantly increase the purchase of US agricultural products, oil, etc., instead of lowering some tariffs on China.
For this reason, President Trump has been strongly opposed to the fact that the amount of exports to China will not increase, and he is flickering with additional measures to add tariffs again.
The US and Chinese governments are deepening confrontation over the source of the new coronavirus, but if the US side takes sanctions, further deterioration of relations is unavoidable.