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January 19, 2022

U.S. Voters

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End of Trump’s US-China Trade War?

2 min read

End of Trump’s US-China Trade War?

Is this really the end of Trump’s US-China trade war? John Iadarola and Mara Hvistendhal break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

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Read more here: https://www.theatlantic.com/international/archive/2018/04/china-iowa-trade-xi-jinping-trump-hogs-soybeans/557105/

"On the bank of the Des Moines River in downtown Des Moines sits the World Food Prize Hall of Laureates. The brainchild of Norman Borlaug, the father of the Green Revolution, the $250,000 annual World Food Prize recognizes those who have made outstanding contributions to global food security. For the most part, the building’s walls are decorated with portraits of agricultural researchers who helped to end world hunger—people like Mexican biochemist Evangelina Villegas Moreno and Indian geneticist Surinder Vasal, who together developed high-protein maize. But there is one notable exception. In the hall’s ballroom hangs a bronze plaque commemorating a 2012 visit by Xi Jinping, the president of China. Xi’s big contribution: His visit to Iowa ushered in the signing of a U.S.-China pledge to cooperate in agricultural research and business. To kick off the business end of the deal, the Chinese side agreed to buy $4.3-billion worth of U.S. soybeans—more than the entire U.S. production for that year.

As the largest exporter of pork and corn in the United States and the number two exporter of soybeans, Iowa’s economy is increasingly propped up by China. Thanks to rising meat consumption and a dearth of arable land, China has a growing appetite for American agricultural products. Fully one in four rows of Iowa soybeans end up in China, meaning that Iowa’s farmers are, essentially, being kept afloat by China’s middle class."

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