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  Business   In Other News  05 Apr 2018  China-US tariff spat: Mostly losers, but some winners too

China-US tariff spat: Mostly losers, but some winners too

AP
Published : Apr 5, 2018, 12:42 pm IST
Updated : Apr 5, 2018, 12:42 pm IST

China's threat to raise tariffs on US goods could be a disaster for American soybean farmers but boon to Brazilian and Argentine farmers.

China's threat to raise tariffs on U.S. goods could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers.
 China's threat to raise tariffs on U.S. goods could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers.

Beijing: China's threat to raise tariffs on U.S. goods could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers.

Regulators picked products China can get elsewhere when they made a $50 billion list including soybeans and small aircraft targeted for possible retaliation in a spiraling technology dispute with Washington.

Economist Lu Feng at Peking University's School of National Development says that should help minimize China's losses in the event President Donald Trump goes ahead with a planned tariff hike and Beijing responds.

Tags: tariffs, donald trump, trump administration, chinese products, china-us trade
Location: India, Delhi, New Delhi