The third year of the trade war between China and the US is about to end. Time will tell the course of the war, which will affect the food supply problem globalized with the pandemic at first hand.
The China-United States trade war is an ongoing economic conflict between China and the United States. President Donald Trump in 2018 began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are "unfair trade practices" and intellectual property theft. Joe Biden, who took office on January 20 as Trump's successor, has inherited a strained relationship with the world's number two economy due to the showdowns that have still not come to an end.
Even before COVID-19 broke out, there were disruptions in commodity trade due to the trade war between Washington and Beijing. When the pandemic globalized this disruption, the countries' approach to food security suddenly changed. Time will tell the future of the COVID-19 pandemic and how the U.S. led by Joe Biden will manage the trade war in the coming period.
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- Crouching bull, hidden bear
History teaches us that China is good at trading and fighting. The trade agreement, ASF (African Swine Fever) and coronavirus have launched a rally in the raw materials market. And it is not going to stop yet.
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