KYIV, Ukraine—Amid the specter of a looming trade war with the U.S., China is boosting its economic ties with Ukraine.
For one, Ukraine has overtaken the U.S. as China’s top corn supplier.
Five years ago, the U.S. supplied about 97 percent of Chinese corn imports. In 2017, however, Ukraine accounted for about two-thirds of China’s 2.83 million tonnes of imported corn—while the U.S. share was down to a quarter.
The swap underscores a narrowing market for some U.S. agricultural exports to China. It also points to the burgeoning economic ties between Beijing and Kyiv, which, some say, could become an obstacle to Ukraine’s …read more
Source: The Daily Signal