Chinese and American Governments Finding Ways for Agricultural Products Due to Trade War

By CnAgri2018-08-08 15:33:56 Print In July, the Sino-US mutual tariff policies were formally implemented. Both governments have been seeking to find ways and measures to slow down the impact and influences of the trade war on the domestic industries.
 
China: it is reported that the Chinese government officials have been discussing with New Hope, DBN, CP Group, Hefeng and other large feed enterprises to minimize the amount of soybean meal in the livestock breeding process. It is possible to release the new livestock feed industry guide in August. Through effective guidance, the protein content in the feed would be reduced.
 
At present, the possible directions are the following: to make up for the effects of the protein decline in feed by adding amino acids. This will help the development of the amino acid industry; according to the new feed industry standards, the minimum proportion of protein added to the feed may further reduce, and the maximum proportion will be strictly limited in order to reduce the application amount of soybean meal.
 
America: USDA has announced a US$12 billion relief program for growers affected by high tariffs due to the trade war between China and the United States. The trade war mainly involves fresh fruits, vegetables, soybeans and cereals, with an estimated loss of US$11 billion.
 
According to the $12 billion relief program, The US$7-US$8 billion is direct cash aid to farmers of soybeans, sorghum, corn, wheat, cotton, dairy products and pigs. The earliest cash aid that the US farmers may receive would be at the end of September. However, this does not fully compensate for the losses caused by the tariffs; the government will also purchase fruit, nuts, rice, beans, beef, pork and milk and distribute them to the food banks and nutrition programs; in addition, this program will also promise a trade promotion program and develop new markets.