Hard for farms to produce enough to cut trade deficit with China: Hayes

May 17, 2018
News

Dr. Dermot HayesDermot Hayes, professor, was interviewed in a May 17th Wall Street Journal article about how the White House is likely to fall well short of a plan to slash the U.S. trade deficit with China by half, in large part because American farms and factories will find it hard to produce enough exports to meet that goal, trade experts say.

"Some agricultural products have more potential, though even those exports would fall well shy of the overall goal. Dermot Hayes, an Iowa State University agricultural economist, estimates that U.S. corn exports could jump from $150 million to about $10 billion annually within a few years if China vastly expanded its quotas and reduced its duties that are as high as 65%."


The story was picked up for a May 18th story in The Top Telegraph and The Australian.


 

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