China Deploys Food as High-Impact, Low-Cost Weapon In Trade War

  • Agricultural oversupply has been driving down Chinese prices
  • Beijing raises grain output target and budget for stockpiles
Boxes of imported pork from the US at a cold storage warehouse in Shanghai.Photographer: Raul Ariano/Bloomberg

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Chinese tariffs on a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world’s top two economies.