Economist Panos Mourdoukoutas explains that Chinese elites are fighting the trade war on the assumption that China had achieved “parity of power” with the United States and that an economic divorce between the two countries would certainly have some consequences for the United States, but would also be devastating for China. [322] The pact aims to open up Chinese markets to more U.S. companies, increase agricultural and energy exports, and better protect U.S. technology and trade secrets. China has committed to purchase an additional $200 billion in U.S. goods and services by 2021, and is expected to ease some of its tariffs on U.S. products. Chinese politicians and continental economists are divided over the trade war. [258] [259] [260] In an August 2019 NPR article, while some leaders of the People`s Republic of China argued for a quick solution to the trade war to save China`s economy, others said the country should retaliate against the United States and avoid an agreement at all costs. [257] U.S. farmers are particularly affected by Chinese retaliation. [194] In response, the Trump administration`s assistance resulted in farmers` hardships in the form of cash payments, guarantees of additional trade agreements and changes to environmental legislation for corn producers. [202] [203] [204] [205] [205] According to the American Farm Bureau, U.S.

agricultural exports to China increased from $24 billion in 2014 to $9.1 billion in 2018, including lower sales of pork, soybeans and wheat. Farm failures have intensified and agricultural machinery manufacturer Deere-Company has twice lowered its profit forecast between January and August 2019. [203] An August 2019 USDA report showed that Canadian wheat exports to China increased from 32% to more than 60% as U.S. wheat exports to China fell. [203] [206] Agricultural equipment producers were negatively affected by farmers` reluctance to invest in new equipment, with sales declining significantly in the first quarter of 2019. [207] [203] Despite the negative effects, the July 2019 polls showed that most farmers continued to support Trump, with 78% saying they thought the trade war would ultimately benefit American agriculture. [208] The Government Accountability Office announced in February 2020 that it would review the program after reporting that aid had been mis-distributed. [209] Other Republican senators have made more mixed statements. Mitch McConnell said “no one wins a trade war,” but there is hope that the tactic “puts us in a better position vis-à-vis China.” John Cornyn said: “If that`s what it takes to get a good deal, I think people are going to be hanged from it, but at some point you`ll have to solve it. If it lasts a long time, everyone realizes he`s playing with a live grenade. [281] Joni Ernst said in May 2019 that “tariffs hurt farmers” but that they “want us to find a way forward with China” and said, “We hope to reach an agreement quickly.” [282] But the agreement preserves most tariffs, the Lord.