Posted on 04/10/2017 5:52:17 AM PDT by Rockitz
I understand the process perfectly, and I agree, that if exports of beef to China expand, domestic herds will increase. As I said in a previous post, the supply of beef is not static, and will respond to market forces.
I have to Google the article. I hope there will be more concessions soon.
Yes it`s true that I do not have a degree in Economics. Neither do you. On the other hand, I am capable of having a rational and intelligent discussion on the subject. You, apparantly are not.
You have yet to address the substance of my point regarding beef, nor have you given any explaination as to why you think exporting beef to China will make Beef more expensive for Americans.
Beef is merely an expensive form of corn, or substitutes of corn.
As pointed out above, it is no differ from pecans and other nuts.
Or as we saw from the Bush years into the Obama years, the Chinese were willing to pay more for gasoline. That's the nature of commodities.
Whereas you say the increased demand will generate larger herds, the reality of recent history show rising exports of cattle feed.
In the domestic market for hay and alfalfa, the price is limited by freight. But cost of shipping to asia is effectively zero because there are many empty containers being sent there.
China Caves: Trump Wins Huge Trade Concession
Right Wing News ^ | April 10, 2017 | Sierra Marlee
Posted on 4/11/2017, 9:42:48 PM by 2ndDivisionVet
Are you tired of winning yet?
Trump met with Chinese President Xi Jinping to discuss several issues, including the massive trade imbalance between the nations.
Of course, he came out on top.
It is being reported that Beijing is offering the Trump Administration greater market access to avoid an all-out trade war between the two powers.
The Financial Times claims that these concessions are not all that difficult for Beijing.
“At present, foreign investors cannot hold a majority stake in securities and insurance companies in China. The country’s largest companies in these sectors, such as Citic Securities and China Life Insurance, have achieved enormous scale in the 15 years since the world’s second-biggest economy joined the World Trade Organization, making them formidable competitors for new entrants to the market.”
Apparently China is also planning to end the 14-year ban on United States imports, as well as purchasing more grain from America in an attempt to ease escalating trade tensions.
Trump’s threats of slapping huge tariffs on Chinese goods might be one of the reasons that China was willing to come to this deal. During his campaign, Trump threatened to label China a “currency manipulator” on his first day in office, but failed to do so. Some say he opted for a more diplomatic approach, and it seems to have worked.
But it’s not just trade that was discussed. Raw video footage shows Xi meeting the First Family and seeming to get along with them quite well.
(VIDEO-AT-LINK)
I think this is just the beginning of a long and happy trade relationship with China. If there’s one thing Trump can do well, it’s negotiate profitable deals. In that aspect, he was one of the most qualified Presidential candidates of 2016. Even though I’m not his biggest fan, I have to admit that he does have his strengths and is definitely using them to our advantage.
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