Mainecat Posted September 10, 2019 Share Posted September 10, 2019 FUCK TRUMP.......THE GREAT NEGOTIATOR MY ASS.... China Stops Buying US Agricultural Products Entirely https://modernfarmer.com/2019/08/china-stops-buying-us-agricultural-products-entirely/ Modern Farmer By Dan Nosowitz ON AUGUST 7, 2019 On Tuesday, the Chinese Commerce Ministry announced that China will no longer be buying American agricultural products, a decision with huge, wide-ranging implications. Zippy Duvall, president of the normally conservative-leaning American Farm Bureau, called the decision a “body blow” to American agriculture. The Chinese decision is a response to two moves from Donald Trump and his administration. The first was a surprise announcement, made by Trump, that the US would begin instituting a 10 percent tariff on about $300 billion worth of Chinese goods. This came following a series of trade negotiations that press officers in the Trump administration described as “productive,” but Trump tweeted that China had reneged on promises to purchase certain American agricultural products (without specifying what those might have been). Then, on Monday, Treasury Secretary Steven Mnuchin formally labeled China as a currency manipulator due to a drop in the value of the yuan. The move is largely symbolic, but also nearly unprecedented, and seen as mostly an open-handed slap in the face to China. In response, it appears, came the Chinese government’s tactic to halt the purchase of American agricultural goods. China’s targeting of American agriculture has the benefit, in China’s perspective, of being both a large and a political attack. China imports billions of dollars of American agriculture, being the largest importer of American soybeans and a top-three importer of American pork; overall, China is the fourth-largest importer of American agricultural goods. But attacking American agriculture also serves as a de facto attack on Trump, who is perceived to draw support from rural America. This will be yet another insanely heavy burden on American farmers, who have dealt with fallout from the trade war for over a year, in addition to swine flu, floods, droughts, and heat waves. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 10, 2019 Share Posted September 10, 2019 August 7th Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 10, 2019 Share Posted September 10, 2019 2 minutes ago, f7ben said: August 7th Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 10, 2019 Author Share Posted September 10, 2019 6 minutes ago, ArcticCrusher said: Trump fail Quote Link to comment Share on other sites More sharing options...
Snake Posted September 10, 2019 Share Posted September 10, 2019 5 minutes ago, Mainecat said: Trump fail No... no, pretty sure this was a Pampers Fail. Quote Link to comment Share on other sites More sharing options...
Turf Posted September 10, 2019 Share Posted September 10, 2019 Let them starve. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted September 11, 2019 Share Posted September 11, 2019 As long as I have my vodka and Bloody Mary mix, I'll be fine. Quote Link to comment Share on other sites More sharing options...
hayward Posted September 11, 2019 Share Posted September 11, 2019 Funny, the markets were going up on beans and wheat earlier this afternoon MC. I will say though, bullshit on Trump's decision to back off on tariffs on toys and cell phones until after the holiday season. That one still grinds my fucking gears. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 11, 2019 Author Share Posted September 11, 2019 All agricultural products.....all Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted September 11, 2019 Share Posted September 11, 2019 1 minute ago, Mainecat said: All agricultural products.....all I can't speak for other farmers here, but more of our product ends up in Europe then China. Quote Link to comment Share on other sites More sharing options...
hayward Posted September 11, 2019 Share Posted September 11, 2019 Just now, racinfarmer said: I can't speak for other farmers here, but more of our product ends up in Europe then China. From Europe on to China probably. Beans around here have been going to Vietnam or Perdue for chicken feed along the eastern shore. Quote Link to comment Share on other sites More sharing options...
Snake Posted September 11, 2019 Share Posted September 11, 2019 16 minutes ago, Mainecat said: Come on Recession! Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted September 11, 2019 Share Posted September 11, 2019 14 minutes ago, hayward said: From Europe on to China probably. Beans around here have been going to Vietnam or Perdue for chicken feed along the eastern shore. It all helps pay some bills! Edibles to the US, Canada, and Europe and soy to the crushers. Quote Link to comment Share on other sites More sharing options...
hayward Posted September 11, 2019 Share Posted September 11, 2019 Just now, racinfarmer said: It all helps pay some bills! Edibles to the US, Canada, and Europe and soy to the crushers. That's all we've been doing, is paying bills year after year. We were just saying today how the prices would be fine, if the input costs wouldn't be so high. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted September 11, 2019 Share Posted September 11, 2019 Just now, hayward said: That's all we've been doing, is paying bills year after year. We were just saying today how the prices would be fine, if the input costs wouldn't be so high. All I can say is I'm glad we aren't pulling tits anymore. Quote Link to comment Share on other sites More sharing options...
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