US soyabean exports into China could plunge by almost two-thirds if Beijing proceeds with its proposed 25 per cent tariff, according to a study by academics at Purdue University in Indiana.
US farmers and traders have been anxious over the trade row between Washington and Beijing — and data analysis from Purdue, well known for its agricultural economic research, suggests the impact could be bigger than some analysts expect.
The research is based on a medium-term impact of Chinese import tariffs with the assumption that they are in place at least four to five years, according to Purdue’s Professor Wallace Tyner, co-author of the paper along with Farzad Taheripour, research associate professor.
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