US farm exports to China may plummet

Trade frictions between China and the United States could result in US exports of certain agricultural products to China dropping by as much as 50 percent, according to a Chinese Academy of Agricultural Sciences report.

Levying additional tariffs on each others' goods will have a big effect on US agriculture - the value of US farm exports to China may be reduced by about 40 percent in total, and by about 50 percent for soybeans, cotton, beef and mutton, the report said.

Additional tariffs also would slightly push up the cost of imported agricultural products in China, with the overall price of imported soybeans expected to increase by 5.88 percent, and for cotton, 7.53 percent. Increases in other agricultural products will be small, according to the report released late Tuesday.