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The Impact of U.S.-China Trade Dispute on U.S. Agricultural Industry in Economic Perspective

Yinlin Chang, Junbo Jiang

Abstract


The trade dispute between China and the United State could be the most heat topic in 2018to 2020. The United States has always been a major agricultural exporter, and they export their produce all over the world.The U.S. agricultural industry has been suffered from the impact of the trade dispute. The paper firstly analyzes the reason for the trade negotiation. Secondly, the paper describes the status quo of the China-US trade on agriculture. Thirdly, the paper analyzes how the trade dispute would affect the agricultural industry in economic perspective. Finally, the paper provides a recommendation for the trade dispute based on the Game Theory.


Keywords


Agricultural Industry; Economic Perspective; China-Us Trade; Domestic Demand; The Trade Deficit; Export Tariffs

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References


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U.S. Department of Agriculture. (2019). U.S. Agricultural Trade Data Update. USDA.

U.S. Department of Agriculture. (February, 2019). U.S. Agricultural Trade at a Glance.




DOI: http://dx.doi.org/10.18686/fm.v7i6.5575

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