Economists: Situation could change quickly as Pres. Trump doubles down on trade with China

President Trump is doubling down on his efforts to level the playing field on trade, including doubling the tariff rate on China.

Arlan Suderman with StoneX says China is a unique trade partner but notes the President has no time to waste.

“The thing to understand about China is they value relationship negotiations. You may have different values than I do, but if we have a relationship of respect, we can do business. So, President Trump focused on that during his first term, speaking very respectfully on Xi Jinping, and so, as a part of that Chinese culture, they like to negotiate face to face. But they kept dragging things out, and they forced Trump into 13 face-to-face negotiations, Trump and his team, and that drug it out for several years and bought time for China, and Trump’s saying, ‘This time, I don’t have that kind of time.’”

Suderman says Trump might also feel like he has the momentum right now. China’s economy is struggling far worse than it was in Trump’s first term, leaving them particularly vulnerable. Trump doubled their tariff rate to 20 percent this week after a previous 10 percent last month.

Related Stories
Adequate transportation capacity exists, but fuel costs and soft river demand could widen basis risk.
Lower oil prices may trim input costs but pressure biofuel demand.
Tight storage could widen basis and limit marketing flexibility.
Rising Chinese feed output — especially for swine — signals sustained demand for protein meals and feed inputs, even when meat production growth appears modest.
Texas Ag Commissioner Sid Miller joins us to discuss the cattle herd rebuild, trade concerns, and how ranchers would define “America First” policy priorities.
RealAg Radio host Shaun Haney talks about the U.S. House’s latest vote to roll back tariffs on Canada and the ongoing discussions surrounding North American trade.

LATEST STORIES BY THIS AUTHOR:

Lean Ground Beef, fresh parsley, and cumin are formed into meatballs and served in flatbreads for a light and fresh summer main dish.
These Easy Roast Beef Sliders are perfect for potlucks and parties, or a quick and easy dinner main dish you can prepare in advance. Thinly sliced Deli Roast Beef is sandwiched between rolls and baked with cheese until golden and delicious.