CHINA Cut Import from the US: Will US Economy Survive?

Sanctions imposed on Russia by the USA have significantly tightened the trade relationship between Russia and China, leading to a decline in China's imports from the U.S. and impacting the U.S. economy. In recent years, China has strategically reduced its imports of key agricultural products from the U.S., such as wheat and corn. In March 2024, China canceled shipments of 504,000 metric tons of U.S. soft red winter wheat, opting for cheaper Russian wheat instead due to Russia's robust export capacity and competitive pricing. Similarly, China canceled 327,000 metric tons of U.S. corn purchases for the 2022-2023 marketing year, favoring Brazilian corn, which offered more cost-effective supplies.

This shift is part of a broader trend where Chinese importers diversify their sources to secure better prices and reduce dependence on U.S. agricultural products. The resulting decline in U.S. agricultural exports to China has affected global grain markets, temporarily lowering futures prices on the Chicago Mercantile Exchange. This strategic realignment has significant implications for the U.S. economy, as it reduces export revenues and affects American farmers and related industries. The ongoing geopolitical dynamics and economic strategies will continue to shape the trade landscape between these major economies.

In this video, we will delve into the reasons behind these shifts and examine their potential economic impacts on both the United States and China. Additionally, we will review the historical trends in trade volume between the two countries, despite the growing tensions in recent years.

[jonathanfriedlander]

KEEP IT UP america !! CHINA & RUSSIA ARE NOT THE ENEMY YOU ARE YOUR OWN WORST ENEMY 😂

[George-kot]

Why trade with someone who treats you like sh*t and as an enemy when you haven't done anything against them except become competitive to lift your own people out of the mire through hard work and enterprise?

[KarelRode]

Russia also does not support GMO-tainted grains, whilst the USA and EU keep feeding these GMO grains to humans and feedstock. Good move China! Go BRICS.

[ImkAO]

It's naive to expect no action from China after all these punishing measures, then complain of their actions!

[mythbusterthe]

Americans should be the last one to complain.
All their actions taken by the Administration so far are deemed as hostile.
This is an open suggestion to the Chinese that they do not want to trade.
I believe China is still willing to sell if the buyers are prepared to pay in RMB. 🤔

[stephenlock]

China should similarly,
- ban
- sanction
- impose higher tariffs
on similar products and goods from the US regime that the US empire imposed on China.

[viniityap]

Businessman buys good and cheaper products from friendly countries without complicated sanctioning.

[alexanderpo]

That will teach Americans that their products are not necessarily the best!!

[andrewlin]

When China 🇨🇳 can buy cheaper corn & wheat from Russia why buy it from US which cost more

[joneslo]

Buy from friendly country . How hard is that to understand ?

[arttorres-xq]

China, Russia trade makes all the sense in the world. Shorter distance equals less cost better quality and on time delivery.

[wmchan]

Simple case of "tit for tat", "fair and square".
Since USA banned the sale of semiconductors goods desired by China, China has every right to buy their needed goods from other countries.
You basically reap what you sow (Americans to note).

[fairryalp.-deqb]

Agricultures are the only things China can use at the moment. Before, China had to depend on US and others for technologies (chips), but now China but only can produce its own but much cheaper

[JesusG.CarmonaRodriguez]

China está utilizando una gran estrategia para combatir al imperio Estadounidense 👍🇵🇷

[Justice-Zcjh]

Why should China buy from someone who sends weapons and military crafts near their shore?

[MyVoice-bnvj]

we hope future China number one powerful country growth rise

[pulsar]

US hegemonic approach is increasing suffering of US farmers.

[johnlay]

The US economy will depend more and more on the weapon industries. Probably eventually that's the only manufacturing industry that can survive. Other manufacturing will all be transferred to the BRICS countries. In the future, the labor cost will not be the only determinant, but the skill level in the US will also diminish after a long period of absence in manufacturing activities. The experienced workers are getting old while the young ones don't have the opportunities to get the training.

[priscillaferguson]

China as the customer has the right to purchase wheat, corn, and soybeans with any country willing to sell these agricultural products at a better price over the United States!

[micamika]

Usa problem is they tell you what to import from the Us and dictate the price ... The Us tells you what you can export to the Us and dictates which price you get for your products !!!