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Trade War Update: China May Have Shot Self In Foot
Forbes ^ | August 15, 2018 | Kenneth Rapoza

Posted on 08/15/2018 11:41:27 PM PDT by 2ndDivisionVet

China made a “dumb move” in targeting America’s heartland with tariffs. Soybeans are a case in point.

“I understood politically why they chose soybeans, but they made a dumb move,” says John Baize, a market analyst with the U.S. Soybean Export Council. The U.S. is the number one exporter of soybeans. Brazil is number two. No one comes close after that except for Argentina, which is the largest exporter of soymeal and soybean oil.

Soybeans don’t fall from the sky, so China has very little mega-markets outside of the U.S. Brazil is the only one, really. And now they are paying more for soy at a time when soy prices are near rock bottom thanks to record acreage and harvest sizes in Brazil and the U.S.

Soy is the number one item China buys from the U.S. and a top three item from Brazil. That alone stands as a testament to just how important that crop is to feed not only the Chinese but Chinese fish and Chinese livestock that live on the stuff....

(Excerpt) Read more at forbes.com ...


TOPICS: Agriculture; Business/Economy; Food; Government
KEYWORDS: argentina; boycott; brazil; china; pork; sanctions; soybeans; tariff; tariffs; trade; tradewar; unitedstates
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Trump is not only smart, he has good luck.
1 posted on 08/15/2018 11:41:27 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

“Trump is not only smart, he has good luck.”

He operates in the zone. His instincts are almost superhuman. He has the Midas touch.


2 posted on 08/15/2018 11:53:13 PM PDT by be-baw (still seeking...)
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To: be-baw

On three to four hours of sleep per night. At 72 years of age.


3 posted on 08/15/2018 11:58:08 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

bookmark


4 posted on 08/16/2018 12:01:59 AM PDT by GOP Poet
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To: 2ndDivisionVet

If he really drinks a lot of soda everyday, I can see why such short sleep time.


5 posted on 08/16/2018 12:24:14 AM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: be-baw

Where as nobama, The Fraud, was the “Reverse Midas”. Everything he touched turned to s***.


6 posted on 08/16/2018 12:31:31 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: hal ogen

“Everything he touched turned to s***.”

You’re right. There must be another name, someone from literature or mythology, who destroyed everything he touched. Some tag other than “reverse Midas.”


7 posted on 08/16/2018 12:37:14 AM PDT by be-baw (still seeking...)
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To: be-baw

Obama, “Everything he touched turned to s***.”

Name? Intestine-man.


8 posted on 08/16/2018 1:49:44 AM PDT by urbanpovertylawcenter (the law and poverty collide in an urban setting and sparks fly)
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To: 2ndDivisionVet

IT’s not luck. It’s economic reality that we HAVE to retaliate or die.


9 posted on 08/16/2018 1:53:56 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: 2ndDivisionVet

I think he is being blessed for supporting the lives of unborn babies and for recognizing Jerusalem as the capitol of Israel, amongst other things.


10 posted on 08/16/2018 1:57:14 AM PDT by skr (May God confound the enemy)
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To: 2ndDivisionVet

The glow-BULL-ist Free Traitors™ at Forbes are about three decades behind the curve. LOL!


11 posted on 08/16/2018 2:04:22 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: 2ndDivisionVet

God is hearing the prayers of millions of Christians who pray for President Trump every day, and God is blessing him. As the old hymn says, we “can be like faithful Aaron, holding up the prophet’s hands.”


12 posted on 08/16/2018 2:20:22 AM PDT by txrefugee
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To: 2ndDivisionVet
Trump is not only smart, he has good luck.

“I know he's a good general, but is he lucky?”

Napoleon

13 posted on 08/16/2018 3:01:06 AM PDT by BlueLancer (Antifa and Social Justice Warriors (SJWs) = SturmAbteilung)
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To: 2ndDivisionVet

What? They can’t eat Harbor Freight tools?

Who would have thunk!


14 posted on 08/16/2018 3:48:42 AM PDT by wetgundog (CNN is FAKE NEWS ...Just added NBC.)
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To: be-baw

How does that go?? I have found the harder I work the better luck I have.


15 posted on 08/16/2018 5:00:17 AM PDT by taterjay
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To: be-baw

Yep!


16 posted on 08/16/2018 5:19:38 AM PDT by Anti-Bubba182
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To: be-baw

“....Some tag other than “reverse Midas.””

Democrat.


17 posted on 08/16/2018 5:20:46 AM PDT by Anti-Bubba182
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To: 2ndDivisionVet

There is no reason why China can’t grow there own soy beans and everything else they need.


18 posted on 08/16/2018 6:14:08 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: be-baw

I used to joke with my dad that I had the “sadim” touch. That’s Midas turned backwards. :^)


19 posted on 08/16/2018 6:43:13 AM PDT by FLT-bird
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To: 2ndDivisionVet

“Trump is not only smart, he has good luck.”

He also has been looking deeply into the issue for decades, so he knows the real deal.

And he hires the best people to work it - like Wilbur Ross.


20 posted on 08/16/2018 6:50:24 AM PDT by BeauBo
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