Heritage’s Dean Cheng to China: ‘Good Luck’ Trying to Replace U.S. Imports
‘That is not going to help them get their economy back off the ground’
May 18, 2020 2:00 PM
By Grabien Staff
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EXCERPT:
CHENG: "Well, first off, China continues to be a major exporter. So if they want to cut exports to the United States, still one of the — the largest market and the largest economy, that is not going to help them get their economy back off the ground. Second of all is that particularly with regards to the phase one trade deal, a lot of that was agricultural goods. Amidst all the Coronavirus we’ve forgotten there are a number of other diseases running through China right now, such as African swine fever which has done a number on China’s pork market. They are going to have to import a lot of pork. They are still a net importer of other feed grains, soybeans, corn, wheat. So if you want to cut off your dealings with the United States, good luck on figuring out where you’re going to find somebody to replace all of those food imports as well. "
