China purchased ZERO soybeans in first for trade wars. Turned to Brazil for Soy

[Demovictory9]

http://www.newser.com/story/269048/china-stops-importing-us-soy-in-first-for-trade-war.html?utm_source=part&utm_medium=uol&utm_campaign=rss_top

China Stops Importing US Soy in First for Trade War
November saw zero soybeans sold as the Chinese turn to Brazil

For the first time since President Trump ignited a trade war with China, the People's Republic imported no US soybeans at all in November. Per Reuters, China, which is the world's largest soybean buyer, has turned to Brazil's growers instead after China put a 25 percent tariff on US imports in response to US tariffs on their goods. Reuters reports that US soybean sales to China accounted for trade worth about $12 billion in 2017.

Per Quartz, China bought around 5 million metric tons of soybeans from Brazil last month, or around twice what it purchase from the South American country in November 2017. This month, China and the US reportedly agreed to a 90-day window in which they would discuss terms of lifting tariffs and China began purchasing US soybeans again in early December. (Meanwhile, the trade war is among several issues causing disquiet in world markets.)

[NCjack]

1. We were represented by the world's greatest deal maker (NOT). nt

[hibbing]

2. Yet my idiot governor praises him

When it has been projected that farmers would lose 1 BILLION in sales.

Peace

[democratisphere]

5. That's alright! We will just keep dipping into the empty coffers

and send billions we don't have to pacify the farmers with no markets for their produce. drumpf, the tariff deal maker, is a fraud!

[Vinca]

3. My husband pointed out that once China finds a new source of soybeans, it's likely they will

never buy from U.S. farmers again. So much for Don making the best deals.

[Sneederbunk]

4. As soybean farmers now know, elections have consequences.

[leftyladyfrommo]

6. Wasn't Trump just bragging about a deal with China

And that China was going to buy bunches of soybeans right away?

And then it came out there was no deal. He just made it ip.

[Blue_true]

14. The zero buys were for November, they did buy twice in December.

US farm organizations are talking about selling to Europe, two problems with that, Europe has it's own soybean farmers and the countries there are each rather small, except GB, France and Germany, but don't expect France and Germany to bend over to help that idiot. So the bottom line is urban and suburban taxpayers are screwed, because as farmers sink due to how most (but not all ) of them vote, urban and suburban taxpayers will have to shell out the cash to bail them out, again and again.

[UpInArms]

7. Sad!

I guess the farmers are going to have to eat what they produce ...

Or lay in the bed they made

Or reap what they have sown

[JDC]

8. So much winning. I am indeed tired of all this winning

[Kablooie]

9. But US soybean farmers, who voted for Trump, are fine with this.

Sure they will hurt in the short term but Trump is an expert and knows what he's doing. Business will be better than ever soon!
The difficult part is remaining in business until the upturn comes around.

(I've actually read this.)

[Yo_Mama_Been_Loggin]

10. But Drumpf says we're winning

[AlexSFCA]

11. farmers get massive subsidies from taxpayers

[keithbvadu2]

12. No worries! Donald's socialism will keep them just fine.

[Achilleaze]

13. The republican gift to America's heartland

a kick in the ass

[Gothmog]

15. trump has lost this trade war