China can easily find other countries to buy agricultural goods from instead of the U.S., its vice agriculture minister said, warning that American farmers could permanently lose their share of the Chinese market as a result of the trade war.
According to the South China Morning Post, Han Jun, China's vice agriculture minister warned that American farmers could lose the position in the Chinese market they have spent several decades building up.
Han said they may not be able to make up the losses brought by retaliatory tariffs, even with the White House’s planned $12 billion aid package for farmers caught in the dispute.
The vice agriculture minister also said Chinese companies had “basically stopped” importing soybeans from U.S. farmers since July 6 and would deal with the impact by finding alternative ingredients for animal feeds.
