Zhang on US-China trade

April 9, 2018
News

Dr. Wendong ZhangWendong Zhang, assistant professor, was interviewed for an April 5 Business Record story "Tariff tiff: Midwest braces; who blinks first?"

Iowa State University economist Wendong Zhang told NPR that the Chinese may be bluffing on the soybean tariff. "It will hurt them a lot," he said. "I feel that could be one of the nuclear options that they reserve as a last resort. They don't want to use it because it's hard to find substitutes."


Zhang was quoted in an April 5 Investopedia story "U.S. Stocks Could Be Hurt By Chinese Soy Tariffs."


And an April 5 Christian Science Monitor story "In US-China trade spat, soybeans symbolize two economies intertwined."

It’s the livestock feed that will be difficult to replace in the short term, so Chinese consumers could see significant rises in meat prices, says Wendong Zhang, an economics professor at Iowa State University in Ames. By taking actions that will hurt its own consumers, China is signaling its willingness to fight US trade tariffs, he adds. For Beijing, “soybeans are a nuclear option.”

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