China to boost food imports from Latin America, Europe as US trade war escalates
- Posted on March 5, 2025
- By Yahoo News
- 2 Views
China to boost food imports from Latin America, Europe as US trade war escalates
China's new tariffs on U.S. farm goods are poised to reshape global trade flows, prompting the world's top agricultural importer to source more meat, dairy and grains from countries in South America, Europe and the Pacific. Shipments to China from key soybean supplier Brazil, top wheat exporter Australia and major pork supplier Europe, could surge as a trade war hots up between the world's largest economies, industry officials and analysts said. China retaliated swiftly on Tuesday against fresh U.S. duties, announcing hikes of 10% and 15% to import levies covering $21 billion worth of American agricultural goods.