April 15, 2025
Marta Bengoa, Non-Resident Fellow, ORF America was quoted in an article by Peter Foster, Sam Fleming, and Thomas Hale of the Financial Times on the state of U.S.-China trade relations after the announcements of Trump’s reciprocal tariffs:
Marta Bengoa, professor of international economics at City University of New York, said that while the US and China remained heavily interdependent in trade, this meant the ultimate balance of risk was on the US side.
“US dependence on China is higher, because China can source agricultural products from elsewhere more easily than the US can replace electronics and machinery,” she said. “Beijing is already buying up soyabeans from Brazil, for example, so in the end China has a bit more leverage.”