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From US tariffs to record harvests: China’s food security timeline

by London 24/7
in Finances
Reading Time: 3 mins read
From US tariffs to record harvests: China’s food security timeline

When Donald Trump was elected as the 45th President of the United States, he promised to prioritize the interests of American workers and businesses. One of the biggest issues he tackled was the trade relationship between the US and China, which had been a long-standing source of tension between the two nations. Thus, the US-China trade war began during Trump’s first term, with both sides imposing tariffs on each other’s goods and engaging in heated negotiations.

One area that has been greatly impacted by this trade war is agriculture. The US is one of the leading exporters of agricultural products, with China being its biggest market. However, as the trade war intensified, China has strategically reduced its dependence on American agricultural imports and focused on strengthening its domestic food security.

To understand the significance of this move, let’s take a look at some numbers. In 2017, China imported over $127 billion worth of agricultural products from the US, accounting for 17% of its total agricultural imports. Fast forward to 2020, and that number has significantly decreased to $21.5 billion, a drop of almost 83%. At the same time, China’s domestic agricultural production has increased, with a record high of 11% growth in 2020. This clearly shows that China has successfully reduced its reliance on American agricultural products.

But how did China achieve this? One of the main strategies adopted by Beijing was to diversify its sources of agricultural imports. China has been able to secure deals with other countries such as Brazil, Canada, and Australia, to name a few, to meet its growing demand for agricultural products. The Chinese government has also offered subsidies and incentives to farmers to increase domestic production, making it more competitive in the global market. This has also resulted in an increase in the quality and variety of locally grown products, giving Chinese consumers more options.

Another factor that has helped China in reducing its dependence on American agricultural imports is technology. With the advancement of agriculture technology, China has been able to increase its productivity and efficiency. This has not only reduced its reliance on imports but has also resulted in cost savings for the country. With the use of modern techniques such as precision farming, Chinese farmers have been able to produce more with less, making them less reliant on foreign imports.

Moreover, China has also strengthened its domestic food security by implementing policies that promote self-sufficiency. The Chinese government has set targets to increase grain production and reduce the country’s reliance on imported meat, vegetables, and fruits. The government has also invested in infrastructure and research and development in the agriculture sector, further improving its domestic production capabilities.

The impact of China’s reduced dependence on American agricultural imports has been felt by the US farmers. Due to the tariffs imposed by China, American farmers have struggled to sell their products, resulting in a decrease in their income. This has also led to a decrease in the prices of agricultural products in the US, affecting the overall agricultural industry.

Despite the negative impact on American farmers, China’s efforts to reduce its reliance on American agricultural imports have been welcomed by many. It has not only diversified China’s sources of agricultural products but has also strengthened its domestic food security. With the world’s largest population to feed, it is crucial for China to have a stable and self-sufficient agricultural sector.

In conclusion, since the US-China trade war began, China has taken significant steps to reduce its dependence on American agricultural imports. By diversifying its sources of imports, embracing technology, and strengthening its domestic production, China has successfully increased its food security and reduced its reliance on foreign imports. This move not only benefits China but also contributes to a more stable global agricultural market. As the trade war between the US and China continues, China’s efforts to strengthen its agriculture sector will play a crucial role in ensuring its food security and economic stability.

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