Mighty America on back foot against Chinese aggression

In a quick turn of events, the US finds itself in a vulnerable spot. China knows the US's vulnerability and is most likely to target US farm goods.

- G CHANDRASHEKHAR

Despite its known economic, technological and military might, the US has ponderously transitioned over the years from its comfort zone to a state of benign dependency and now suddenly finds itself in a spot of vulnerability.

The USA is the world's largest producer of agricultural commodities. The wide range includes grains (mainly wheat, corn, and soybeans), fruits, vegetables, dry nuts (almonds, pistachios, and walnuts), fibre (cotton), and so on.

Of the world's total grain production of 2,350 million metric tonnes (MMT), the US contributes about 450 MMT, of which it exports about 100 MMT.

Driven by subsidies and technology, the US harvests quantities far beyond its domestic needs. The large surplus finds its way to the international market, aided by several export promotion schemes. This agri-export is projected as the country's contribution to global food security.

About 25 years ago, in 2001, the US helped China join the World Trade Organisation as a member after over a decade of negotiations. China was then emerging as an economic powerhouse, growing at a scorching pace. The Chinese appetite for commodities was ravenous and continues to be so even now.