On this episode of the Trade Guys, Bill and Scott discuss the impacts of Chinese retaliatory tariffs on U.S. agricultural and other trade, the Trump administration&#x27;s continued efforts to implement Section 301 tariffs, and the ongoing tariff refund litigation.

China's Retaliatory Tariffs, Section 301 Authorities, and Tariff Refund Litigation

The Trade Guys

I'm Scott Miller. I'm Bill. And we're The Trade Guys. We're listening to The Trade Guys, a podcast produced by CSIS, where we talk about trade in terms that everyone can understand. I'm Alex Kisling, and I'm here with Scott Miller and Bill Reich, the CSIS Trade Guys.

Thanks for listening to The Trade Guys. On today's episode, we examine the impact of China's retaliatory tariffs, take a look at the Trump administration's new use of Section 301 Authorities, and unpack the latest litigation around tariff refunds. All that and more on this episode of The Trade Guys.

Well, Bill and Scott, it's great to be back with you after a few weeks of episodes with some great guests. And I want to dive right into our first topic today by taking a step back and talking through the effects of Chinese retaliatory tariffs, particularly on the U.S. agriculture sector. A new study from North Dakota State University found that China's retaliatory tariffs on U.S. ag goods wiped out an estimated $14.9 billion in export sales over 12 months. So, Scott, let's look under the hood here. What stands out to you as you look through these numbers?

This is basically a disruption of an old relationship. The old relationship is U.S. soybean sales to China. This goes back to basically China's growth in the early part of this century. And one of the things that happened as people raised their living standards is they improved their diet. More people were demanding the addition of meat, in this case pork, in their diet.

China's Retaliatory Tariffs, Section 301 Authorities, and Tariff Refund Litigation

Read the full transcript

The candid version is on a podcast,
not the earnings call.

China's Retaliatory Tariffs, Section 301 Authorities, and Tariff Refund Litigation

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.