China to impose extra tariffs of 10%-15% on various US farm products

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(Reuters) – Tuesday responded rapidly to fresh US tariffs, announcing 10% -15% campaigns to introduce a number of American agricultural and foodstuffs, and 25 US export restrictions.

Comments:

Ole Hansen, Head of the Product Strategy of Saxo Bank

“From the point of view of pricing, it takes a very bad time for US corn prices, which have already been putting on sale for the fence that has accumulated very large and expanded bets accumulated in the past few months.

“This will continue to add China’s dependence on Brazil’s corn and soy, while causing great stress in our area, who are preparing for their spring planting decisions in the coming weeks.

Charu Chanana, Home Investment Strategy, Saxo, Singapore

“Before moving from China, there can be special bold, there is reason to believe that China wants to overcome around the negotiating table than it returns to escape.

“China’s actions can also be an indicator for the fact that they can now be more confident in reply to internal knobs, especially since they reach the AI race.

Tommy Xie, Global Macro Research Head, OCBC Bank, Singapore

“The exchange rate is a relative concept, and so is the tariff. As long as other countries are also charged tariffs, or they are expecting such expectations.

Charles Wang, Founder, Dragon Pacific Capital Management, Shenzhen

“The United States is facing different challenges, and the trade war is only worse. These include inflation, US-Europe and China relations.

“For China, we cut off trade with the United States within 23% to 13%, so the direct impact is limited. In addition, China’s economy is recovering for the support of the economy.

Therefore, I don’t think the stock market trajectory will change. There are several curbs in the Hong Kong market, which, if anything needs a small correction. But it’s okay. It’s not a big deal. “

Lu Jin Inlu, Goyua Futures Agricultural Researcher, Beijing

“This news concerns the tightening of internal agricultural accessories on benefiting the sphere. The 10% tariff in the United States will increase costs on US soy and reduce the import of US.

“However, South America, especially Brazil, is approaching years after its soy exports (2024 exports are expected to be 96 million tons).

Donelon-May, World Oxford’s World Society Researcher, Melbourne

“It simply came to our notice then. In addition, US agricultural tariffs may increase US agricultural tariffs in the coming months and years.

“There was a weak link for Soya, but Chinese policy makers then learned lessons and theoretically prepared in the Strategy of Diversification of Beijing Food Import.”

Wang Zhuo, Partner Hedge Fund Zhuozhu Invest, Shanghai

Rising tariffs on China will probably harm the United States, as cheap Chinese products are needed to lower inflation. “Thus, it would be wise to take some symbolic steps without escalation of tension.”

Denis Woznesensky, analyst, bank of cooperation, Sydney

“Chinese tariffs for the import of wheat and corn should support the demand for the export of Australian wheat and barley. However, after all the origin, China’s last slowdown in the import of feeding grain should be touching. “

Wan Chengzhi, analyst, Capital Jingdu Futures, Dalian City

“Given that China’s peak import period has already passed for US soy, the impact of this reversal on the total amount of US soy imports is limited. In the future, any price increase is more of the emotional market response. “

Ole Hoe, Advisory Services, Ikon Products, Sydney

“It’s widely negative for US agricultural markets. It passes the effect on fire in the world.

Even Pay, Agricultural Analyst, Trivium China

“It is noteworthy that Beijing’s answer is restrained. Trump has now generally imposed 20% tariffs on all Chinese products. China’s tariffs affect the level of 20%.

“It is fair to say that we are in the first days of the Commercial War. There is still time and space to avoid an extended, entangled trading war, if Trump and XI can make a deal. “

Rosa Wang, analyst, Shanghai-based agro-consulting jci

“From the prospect of supply and demand, the short-term impact on the domestic market will not be significant. The reasons are: 1:

“However, this time the large number of products involved will increase the export of Chinese water products to the United States, especially Tilapia.

(Reports by Reuters Asia Burea; make and edit Subhranshu Sahu)

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