The Impact of Tariff Increases on Agricultural Exports in Guangdong, Hong Kong and Macao Greater Bay Area Based on the Perspective of China-US Trade Friction

Kefan Zhang

doi:10.54097/q1x7wn33

Authors

Kefan Zhang

DOI:

https://doi.org/10.54097/q1x7wn33

Keywords:

Sino-US trade friction, agricultural products, tariff, double-difference modelling.

Abstract

Both the international economic scene and trade between the United States and China have been significantly impacted by the trade tension between the two nations. In light of these circumstances and potential trade threats, the author investigates the policy implications of the US tariff increase on China's agricultural products as well as the consequences of trade friction between the US and China on the agricultural exports of the Guangdong, Hong Kong, and Macao Greater Bay Area. The study combines qualitative and quantitative analyses, selecting China's agricultural export trade data from 2010-2022 and the Greater Bay Area's agricultural export data to major countries or regions, and uses the double-difference method to assess the current state of China-US trade in agricultural products. The study summarises the effects of tariff increases on China's agricultural exports, and puts forward revelatory recommendations sat the government, industry and enterprise levels respectively to help agricultural exports from the Guangdong, Hong Kong and Macao Greater Bay Area to embark on a path of high-quality growth.

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