It's been a week since the China-US trade conflict entered into a new round. China hit back more specifically, with higher tariffs on some top American exports to China -- for example, soybeans. Xu Xinchen interviewed experts about their views on this.  

XU XINCHEN DALIAN "The port city of Dalian is a major hub for imported soybeans arrival on Chinese soil. A 25% tariff is now in force on American soybeans as China retaliates to the US escalation of trade tensions between the two countries. And ports here in Dalian have been seeing changes to where China's annual demand for some one hundred million tons of imported soybean comes from."

LI YAN, ASSOCIATE PROFESSOR SCHOOL OF MARITIME ECONOMICS AND MANAGEMENT, DALIAN MARITIME UNIV. "In the long term, it is necessary for China to reduce its reliance on American soybeans. The country has already made adjustments to expand its import channels."

Professor Li Yan specializes in trade and global value chain. She says US soybeans now account for about one third of China's total demand for imported soybeans - only half of the level seen in 2014.

In addition, import volume from Brazil has increased in recent months - breaking a record high in May and jumping over 10% year-on-year in June. Meantime, China has waived taxes on soybean imports from neighbors such as India and South Korea. All of these efforts aim to reduce the effects of higher tariffs on American soybeans.

WANG XIAOHUI, AGRICULTURAL ANALYST ORIENT SECURITIES FUTURES "If we only look at soybeans, the impact on Chinese companies is relatively smaller than on the American soybean industry."

Agricultural analyst Wang Xiaohui, is an external counsel to the Dalian Commodity Exchange. She says domestic soybean futures have returned to fundamental levels and soybean prices will not rise too swiftly in China this year. Nevertheless, she pointed out that the trade conflict has forced Chinese firms to spend ample time finding replacement sources for American soybeans. And now, US soybean farmers may face gaping losses via the Chinese market. Xu Xinchen, CGTN, Dalian, Liaoning Province.