In Trade War, China Carpet Bombs Trump Supporters
China has heartland swing states under de facto sanctions
Everyone agrees that China is not a full-fledged market economy. It’s a Communist government, a one-party town. They do what Beijing says, for the most part. If you believe China is not a full-fledged market economy, with little state intervention in pricing, then it is not a radical step to assume China can circumvent Trump’s trade tariffs.
“In lieu of rescinding tariffs during the trade war truce, China soy importers have the government make their purchases in order to keep (them) from having to pay the tariff,” says Brent Bible, a soy and corn farmer managing around 5,000 acres of land near Lafayette, Indiana. “The government makes the purchase then turns around and sells it to the private Chinese users,” he says.
Instead of buying U.S. soybeans, now priced 25% higher than usual, China went to the No. 2 soy exporter, Brazil, and bought 10 million more tons.
Brazil and U.S. soy harvests run at different seasons. China isn’t just buying from the U.S. because Brazil is now cheaper due to tariffs. China isn’t buying from the U.S. because the heartland, the red states that sell them soybeans and animal meats, is essentially under Chinese sanction. They are being targeted in an effort to turn voters against Trump in 2020.
It worked in the midterms. Democrats beat Republicans easily in farm counties throughout the farm belt in November, giving the Democrats the House of Representatives.
Trump voters are the biggest casualty in the trade war, not your investment portfolio.
America is predictably playing the victim and throwing a hissy fit that other countries can retaliate when America launches a trade war against them. LoL.
America reaps what it sows–and deservedly so.
In fact, China should not be buying American GMO frankenfoods in general–whether that be soybeans or anything else–regardless of any trade war.
Russia would be a much better source of agricultural products for China than America, as Russia has banned GMOs, while the United States has recently re-approved the use of glyphosate!
US EPA Says Glyphosate OK Despite Contrary Evidence
It is normal in midterm elections for the incumbent to lose somewhat. Trump will win in 2020 because no one wants the Deep State trash in power
how will you know who the deep state power is in 2020?
no one knew in 2016.
insomuch as the ‘deep state’ exists (another deflective bogeyman), tRump is its head cheerleader. He’s a fraud and a con.
Very insightful accounting of what the situation is – and we must not forget that China owns prime agriculture land in the midwestern US (where soy, wheat, corn etc are grown)
and that ‘plot of land’ is enormous…the size of Maine.and is contiguous…so China is not fooling around..the US has become so delusional that Washington thinks that what they are doing is hurthing China (?!?), but NOT…they are shooting themselves, rather their farmers, in the foot at every bend….
incoherent article, but look at the source
China would hit US where it hurts more but tell that to that buffoon of a president who keep oinking how China is paying 200 Billions and all that stupid shit that he says right after waking up.