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The (trade) war has started

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Trump imposes 25% tariff on Chinese goods

https://www.bbc.com/news/business-44498484?SThisFB

 

 

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in the super long run, the only real enemy for the USA is China. that's a clash of civilisation, for hegemony. NK is a side show by contrast.  

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Gonna see how China retaliate... 

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so amazon or tabao is cheaper?

trump-xi want to meet in spore?

this time each must pay $20M x 2 to the host ...[laugh]

Edited by Wt_know

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well, if usa wants to live in isolation like N Korea, let them be. it is a blessing to the rest of the world at least now the trouble maker is put away.

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:grin:

 

What if 'Lightning' strikes in between thunders how ? ........   [sly]

 

 

This time don't know which hotel kenna ....  :yeah-im-not-drunk:

 

Poor SPF, MFA and others...... etc. Leave cancel again ...  :a-bang:

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usa <> prc slapping each other

will europe and south east asia benefit on the sideline [sly]

Edited by Wt_know

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usa <> prc slapping each other

will europe and south east asia benefit on the sideline [sly]

I think he slaps everyone [sweatdrop]

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let's see if the farmers, auto workers will finally recognise that Trump is bad for them 

But i doubt so  [:p]


Ironically i was reading that Democrats are generally in support of Trump's move whereas the Republicans were cautious/negative.

 

[laugh]


Can buy australia/new zealand stock. They make dairy and meat

Soybeans i think mostly come from USA. Other than that, is brazil?

Wheat i think Russia is a big producer as well.

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usa <> prc slapping each other

will europe and south east asia benefit on the sideline [sly]

he not only slap prc.

 

look at G7 , basically he slap europe , and slap north america also.

 

dun know who next

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i see ... i only catch the headline that he slapped Canada and PRC ... lol

 

he not only slap prc.

 

look at G7 , basically he slap europe , and slap north america also.

 

dun know who next

Edited by Wt_know

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in the super long run, the only real enemy for the USA is China. that's a clash of civilisation, for hegemony. NK is a side show by contrast.

China is currently the only threat to USA's position as the only superpower in the world today.

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US farmers stressed, angry at trade wars

https://www.businesstimes.com.sg/government-economy/us-farmers-stressed-angry-at-trade-wars

 

[NEW YORK] US farmers find themselves in the crosshairs of a trade war with China and others launched by President Donald Trump, who was elected with the support of many in rural America.

On Friday, Mr Trump announced long-threatened trade tariffs on tens of billions of dollars worth of Chinese goods, sparking an immediate retaliation from Beijing on an equivalent of US products including agricultural goods, notably soy.

"For American farmers, this isn't theoretical anymore, it's downright scary," the Farmers for Free Trade lobbying group said of the prospects for escalating tariffs.

"It's no longer a negotiating tactic, it's a tax on their livelihoods."

China is the largest buyer of soy beans, buying US$12 billion in 2017, about 30 per cent of the US harvest.

"We were already in a depressed market. These trade uncertainties add a lot of stress to this situation," said Jamie Beyer, a farmer in Wheaton, Minnesota who grows soybean, corn, sugar beets, wheat and alfalfa.

"We feel these tariffs are very damaging to our agricultural economy."

Farmers are the most at risk in this trade battle, as their incomes already were falling, declining by around 50 per cent since 2013, and this year expected to reach the lowest level since 2006.

EASY TARGET 

The sector already was shaken up by the difficult negotiations on the North American Free Trade Agreement (Nafta) with Canada and Mexico, two major importers of agricultural products.

On her family farm in Oklahoma, Hope Pjesky raises cattle and grows winter wheat, and says she is "very nervous" about recent developments.

"Unfortunately, agriculture seems to be the industry that they hit back on when there is retaliation. I just wish there were a better way to go about addressing that issue," she said.

That is according to plan, since US trading partners have singled out American products from states strongly supportive of Mr Trump, in hopes of increasing the pressure on him to reconsider.

But Ms Pjesky noted that "there are a lot of people who voted for him that still have faith that it is just going to end up well."

It is difficult to quantify the precise cost of Chinese sanctions, but Missouri corn and soybean farmer Blake Hurst said he already is seeing an impact on prices.

The weather remains the main factor influencing the price of corn, wheat, soybeans and cotton, but the threat of renewed tensions between Beijing and Washington hit the market hard this week and the soybean price fell by more than six per cent.

"It will affect our profitability" and cut the number of acres cultivated, he said.

TRUMP SUPPORT

Roger Johnson, who leads the country's second largest agricultural union, the National Farmers Union, said the group supports the White House goal of reducing the US trade deficit.

"But our organisation grows increasingly concerned that this administration does not have a plan to ensure family farmers and ranchers aren't thrown under the bus for the sake of these goals," he said.

Even so, few blame Mr Trump directly.

Mr Hurst said many in Missouri are still willing to give him the benefit of the doubt.

But, he cautioned, "if we don't see any success, then patience will wear thin."

 

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amdk want to have the cake and eat it

for the longest time they complained about cheap import from prc and undervalue rmb that makes US product expensive and uneven playing field

now what?

Edited by Wt_know

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let's see if the farmers, auto workers will finally recognise that Trump is bad for them 

But i doubt so  [:p]

Ironically i was reading that Democrats are generally in support of Trump's move whereas the Republicans were cautious/negative.

 

[laugh]

Can buy australia/new zealand stock. They make dairy and meat

Soybeans i think mostly come from USA. Other than that, is brazil?

Wheat i think Russia is a big producer as well.

 

You are right again.  [thumbsup]

 

Of all the stupid things written about about Trump

 

only you always get him right.

 

Trump takes the best ideas of the Dems and

 

combines with the best ideas of the Reps to

 

make American grate again.  [scholar]

 

:D

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amdk want to have the cake and eat it

for the longest time they complained about cheap import from prc and undervalue rmb that makes US product expensive and uneven playing field

now what?

Actually the Americans are sorta justified. Chinese companies do steal a lot of IP from them. And the American companies been sucking hind tit for years. But problem is that punishing the Chinese now hurts American company revenues

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let's see if the farmers, auto workers will finally recognise that Trump is bad for them

But i doubt so [:p]

 

Ironically i was reading that Democrats are generally in support of Trump's move whereas the Republicans were cautious/negative.

 

[laugh]

 

Can buy australia/new zealand stock. They make dairy and meat

Soybeans i think mostly come from USA. Other than that, is brazil?

Wheat i think Russia is a big producer as well.

I read somewhere (unverified) that after China sanctioned US agri products, majority of them went to Taiwan and Vietnam, which are then reimported into China. [laugh] LPPL.
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