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Senior Contributor

China and trade

I have heard Canadian marketing advisors saying the Chinese market for US crops is gone and it is not going to come back in the near future (actually they often just say 'it is not coming back') so reading this article leaves me wondering just what else is going to come from the trade war.

A few clips from it for you to 'chew on'

link

Stocks and emerging-market currencies sank on concern a prolonged conflict between the superpowers will weigh on global economic growth, while haven assets including the Japanese yen, U.S. Treasuries and gold climbed. Investors increased bets on Federal Reserve interest-rate cuts.

..........

“It’s among the worst-case scenarios,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “First markets sell off, then Trump wakes up and this all gets far, far worse.”

..........

China’s crop imports from the U.S. are another weapon at Beijing’s disposal. The country’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress, people familiar with the situation said, declining to be identified as they’re not authorized to speak to the media.

Privately owned Chinese firms that had received retaliatory-tariff waivers on American soybeans from Beijing have also stopped buying the commodity due to uncertainty over trade relations, other people said. Corn and soybean futures fell on the news.

 

The harder line underlines a growing feeling in Beijing that Trump can’t be trusted to cut a deal, and that China would be better off waiting to see if a Democratic presidential candidate -- many of whom have criticized the use of tariffs -- takes office. The halt in agricultural purchases could hurt Trump in politically sensitive states ahead of the 2020 election.

 

8 Replies
Senior Contributor

Re: China and trade

So China wants to influence our election, humm.

 

Senior Contributor

Re: China and trade

(The harder line underlines a growing feeling in Beijing that Trump can’t be trusted to cut a deal, and that China would be better off waiting to see if a Democratic presidential candidate -- many of whom have criticized the use of tariffs -- takes office.)

Russia, Russia; err I mean China, China, China collusion?

I agree, China would be better off with a Democrat President.

 

Advisor

Re: China and trade

Dennison and The Sr Senator from KY  are doing a pretty good job of that on their own. 

Veteran Advisor

Re: China and trade

Remember   -  Trade  Wars  are  an  EASY  WIN  -  maybe  not  -   

Honored Advisor

Re: China and trade

Trade wars would be easy to win if China wasn`t so irrationally crooked, seems they aren`t the "ancient wise ones" that they are hyped up to be.  Also it would help if the Democrat party wasn`t hellbent on wrecking this country just to win back the white house in 2020.  

Highlighted
Contributor

Re: China and trade

If what you write that China is crooked, then why do we buy from them or sell anything to them. "Money "  Trump's rhetoric keeps the markets in turmoil which is great for the multimillionaires and billionaires.  Markets go up sell, stock markets fall buy

Senior Contributor

Re: China and trade

China is not our friend. They are more dangerous than the Rooskis. We must develop new markets for our agricultural commodities or find new things to grow, such as industrial hemp. 

 

China is between a rock and a hard place. The pork industry there is in shreds with the African Swine Flu. They won’t buy beans anyway, as a third of their hogs are dead and dead hogs don’t need feed. Soon, there will be famine and riots and revolution. Let’s let this play out and watch an adversarial regime spiral into oblivion. If that happens, we may have to fill the vacuum before Russia does.

Senior Contributor

Re: China and trade

If people were honest, and that's an impossibility for Democrats, they'd admit that the Chinese culture and the Russian culture are significantly different than European culture.