China confirms it is suspending agricultural product purchases in response to Trump's new tariffs

[idb]

I’m not sure of the rules in breaking news regarding commenting in the OP, so I didn’t.

But I’ll comment now. This moron is going to bankrupt this country just like all his businesses. A lot of this agriculture business is not coming back. China now buys its soybeans from Brazil and is quite happy.

Why are you so in love with communist China?

Our farmers should find a different customer and not rely on communists willing to starve their own people for business.

They’re not starving! They’ve secured other markets. Brazil sells them soybeans. So does Russia, along with wheat. Trump is fucking our farmers.

China approves wheat, soy imports from Russia - Reuters

Good for them. Maybe they will ship China their manufacturing jobs too.

By the way if you love China so much you can move their. Oh wait, they are racists and don’t like any foreigners. Great friends you have there.

It's hard to make sense when you know you're wrong but have to defend your tribe.

 

[Toddsterpatriot]

China confirms it is suspending agricultural product purchases in response to Trump's new tariffs

https://www.cnbc.com/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html

• A spokesperson for the Chinese Ministry of Commerce says Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump's new 10% tariffs on $300 billion of Chinese goods.
• "This is a serious violation of the meeting between the heads of state of China and the United States," the Minister of Commerce says in a statement Monday.
• Reports of China pulling out of U.S. agriculture helped exacerbate fears on Wall Street pushing stocks to their worst day of the year. Now that China confirmed the reports, it could add to pressure on equities.

China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war.

A spokesperson for the Chinese Ministry of Commerce said Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump's new 10% tariffs on $300 billion of Chinese goods.

"This is a serious violation of the meeting between the heads of state of China and the United States," the Minister of Commerce said in a statement Monday that was translated via Google.


The department also said it would "not rule out" tariffs on newly purchased agricultural goods after August 3.

China is one of the largest buyers of U.S. agriculture. Bloomberg News reported that Beijing may stop importing them completely in response to new tariffs by the United States. According to reports by Chinese State media, it would also consider slapping tariffs on U.S. agricultural products that it already bought.

Those stories helped exacerbate fears on Wall Street pushing stocks to their worst day of the year. Now that China has confirmed the reports, it could add to pressure on equities. Stock futures fell Monday, implying a 480 point drop Tuesday.

Current indications are for a higher open tomorrow.

 

[Vandalshandle]

Normally, my sympathies go to US citizens in almost every conflict with foreign nations. But the bastards in Iowa and Kansas put this SOB in the White House, so as far as I am concerned they own the disaster.

Normally you sympathize with US citizens, BUT.....in this case you have to side with communists. You were programmed well.

And you side with socialists, who have so far collected over $30 billion in government crop subsidies.

Good for them. At least they work for a living, unlike inner city trash that collect welfare.

...which has what to do with anything on this thread?

It was a direct response to your comment, which is in this thread.

I see nothing about "inner city trash that collect welfare" in the OP's topic, but I sure that you do, so rave on.Just don't expect anyone else to be diverted.

As for China, I don't give a rat's ass what kind of government China has. The worldwide communist conspiracy turned out to be just an invention of the RW after WW2.

 

[BULLDOG]

I’m not sure of the rules in breaking news regarding commenting in the OP, so I didn’t.

But I’ll comment now. This moron is going to bankrupt this country just like all his businesses. A lot of this agriculture business is not coming back. China now buys its soybeans from Brazil and is quite happy.

Why are you so in love with communist China?

Our farmers should find a different customer and not rely on communists willing to starve their own people for business.

Your farmers spent 30 years building these markets. They have nowhere else to sell their Monsanto crap. Europe won’t accept your frankenfood.

They should have thought of that before they voted for that orange bastard.

 

[theHawk]

Normally you sympathize with US citizens, BUT.....in this case you have to side with communists. You were programmed well.

And you side with socialists, who have so far collected over $30 billion in government crop subsidies.

Good for them. At least they work for a living, unlike inner city trash that collect welfare.

...which has what to do with anything on this thread?

It was a direct response to your comment, which is in this thread.

I see nothing about "inner city trash that collect welfare" in the OP's topic, but I sure that you do, so rave on.Just don't expect anyone else to be diverted.

As for China, I don't give a rat's ass what kind of government China has. The worldwide communist conspiracy turned out to be just an invention of the RW after WW2.

Of course you don’t care if they are communist, you are a leftwinger and leftwingers always have a soft spot for communists. So, thanks for proving my point.

 

[Vandalshandle]

And you side with socialists, who have so far collected over $30 billion in government crop subsidies.

Good for them. At least they work for a living, unlike inner city trash that collect welfare.

...which has what to do with anything on this thread?

It was a direct response to your comment, which is in this thread.

I see nothing about "inner city trash that collect welfare" in the OP's topic, but I sure that you do, so rave on.Just don't expect anyone else to be diverted.

As for China, I don't give a rat's ass what kind of government China has. The worldwide communist conspiracy turned out to be just an invention of the RW after WW2.

Of course you don’t care if they are communist, you are a leftwinger and leftwingers always have a soft spot for communists. So, thanks for proving my point.

This is going to break your heart, Hawk, Vietnam is communist, and they put over 50,000 American boys in their graves. They currently have "Most favored nation" trade status with the USA.

Joe McCarthy is dead, hawk.

 

[Synthaholic]

I’m not sure of the rules in breaking news regarding commenting in the OP, so I didn’t.

But I’ll comment now. This moron is going to bankrupt this country just like all his businesses. A lot of this agriculture business is not coming back. China now buys its soybeans from Brazil and is quite happy.

Why are you so in love with communist China?

Our farmers should find a different customer and not rely on communists willing to starve their own people for business.

They’re not starving! They’ve secured other markets. Brazil sells them soybeans. So does Russia, along with wheat. Trump is fucking our farmers.

China approves wheat, soy imports from Russia - Reuters

Good for them. Maybe they will ship China their manufacturing jobs too.

By the way if you love China so much you can move their. Oh wait, they are racists and don’t like any foreigners. Great friends you have there.

You’re a fucking child.

You’re the one cheerleading a bunch of racist communists over our own President and country.

Where did I cheerlead them, you fucking child?

 

[cnm]

Our farmers should find a different customer and not rely on communists willing to starve their own people for business.

Your farmers invested a lot of resources into developing the Chinese market. Taken away by a few tweets.

Sad.

 

[Vandalshandle]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

 

[Synthaholic]

They’ll probably switch to Airbus.

 

[Rambunctious]

This is a battle for world supremacy...who do you want to win?...

 

[Rambunctious]

Its the Chinese or us...you choose...

 

[theHawk]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

 

[idb]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

Maybe the US should make stuff that the rest of the world wants...then there'd be no trade deficit.

 

[Vandalshandle]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

Actually, it makes you wonder why the trade deficit has been increasing under the Trump administration, IN SPITE of his tariffs.

 

[theHawk]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

Actually, it makes you wonder why the trade deficit has been increasing under the Trump administration, IN SPITE of his tariffs.

It means tariffs aren’t high enough.

So this is a really good sign things will change.

 

[Dragonlady]

This is a battle for world supremacy...who do you want to win?...

There is no battle. American corporations exchanged American jobs for higher profits. Then Trump cancelled all your trade deals and ceded the field to the Chinese.

If there’s a “battle for world supremacy”, the Chinese won when you did nothing to stop off-shoring.

 

[McFury]

Trump is already bankrupt and gonna end up bankrupting America before he leaves office.
We are doomed.
I think it's time to create a colony in the moon or planet Mars and get out of this place before it's too late.

 

[Toddsterpatriot]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

Maybe the US should make stuff that the rest of the world wants...then there'd be no trade deficit.

Maybe the US should make stuff that the rest of the world wants...

We do...…..

 

[Vandalshandle]

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion

Source: US Census Bureau [/box]

Well, then, it looks like the red Southern states are going to take a hit with cotton exports, as well as the Midwest again with corn.

And yet we have a huge trade deficit, meaning they sell far more stuff to us. Makes you wonder why China had tariffs against the US long before President Trump came along.

Actually, it makes you wonder why the trade deficit has been increasing under the Trump administration, IN SPITE of his tariffs.

It means tariffs aren’t high enough.

So this is a really good sign things will change.

...in spite of the fact that the US Chamber of Commerce, and Trump's own economic advisors told him that he is making a BIGLY mistake.