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

...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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

 

[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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

If Trump backs off, the economy will take off again, award-winning forecaster says

 

[Toddsterpatriot]

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.

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

Are the Chinese going to eat their dollars instead of spending them?

 

[HenryBHough]

Farmers go under and liberals are unable to grow or raise anything to feed themselves.
They die unless they steal from conservatives.
And there is the downside. Theyd rather steal than produce.

BTW, under liberal "rules" China now is interfering in American electionsl

So why are liberals not all pissed off about that?

 

[Vandalshandle]

Farmers go under and liberals are unable to grow or raise anything to feed themselves.
They die unless they steal from conservatives.
And there is the downside. Theyd rather steal than produce.

BTW, under liberal "rules" China now is interfering in American electionsl

So why are liberals not all pissed off about that?

Henry, you definitely need therapy.

 

[Dragonlady]

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

Are the Chinese going to eat their dollars instead of spending them?

The Chinese are buying their soybeans from Mexico and Brazil, and wheat and other grains from Argentina. They replaced the US farmers immediately. China is still awash in cash from their balance of trade surplusses and they are now the lead partner in the TPP, taking the spot which opened up with Trump withdrew.

The Chinese are now buying from their TPP Partners what they used to buy from the USA, and they're building new trade routes and shipping lanes from China to Africa, the Middle East and Europe, making major investments in seaports along the East Coast of Africa, and the West Coast of South America The kinds of infrastructure investments the US made with its trading partners when it sought to secure good trading relationships, and strategic alliances.

Japan signed a major trade deal with the EU, as did Canada. Trump has demonstrated himself to be an unreliable trading partner and ally. The USA is increasingly being frozen out of world markets they long dominated, as Trump tears up trade agreements, nuclear non-proliferation treaties, and demonstrates his complete inability to fix anything.

 

[Leo123]

Why are some Americans on this board sanguine with China screwing US for decades? They took over our manufacturing, stole our tech and refuse to participate in fair trade. What's up with some of you? This is an economic war. During WWII Americans had no trouble putting up with some inconveniences but we all pulled together. Today we are divided and fighting among ourselves and the left has taken over our traditional media and is spreading lie after lie after lie about our President. A perfect recipe for losing a war.

 

[Leo123]

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

Are the Chinese going to eat their dollars instead of spending them?

The Chinese are buying their soybeans from Mexico and Brazil, and wheat and other grains from Argentina. They replaced the US farmers immediately. China is still awash in cash from their balance of trade surplusses and they are now the lead partner in the TPP, taking the spot which opened up with Trump withdrew.

The Chinese are now buying from their TPP Partners what they used to buy from the USA, and they're building new trade routes and shipping lanes from China to Africa, the Middle East and Europe, making major investments in seaports along the East Coast of Africa, and the West Coast of South America The kinds of infrastructure investments the US made with its trading partners when it sought to secure good trading relationships, and strategic alliances.

Japan signed a major trade deal with the EU, as did Canada. As Trump has demonstrated himself to be an unreliable trading partner and ally, the USA is increasingly being frozen out of world markets they long dominated, as Trump tears up trade agreements, nuclear non-proliferation treaties, and demonstrates his complete inability to fix anything.

The stock market ebbs and flows.....anyone with a modicum of economic intellect knows this. Mexico and Brazil won't be able to replace the U.S. soybean market in the long run.

 

[Toddsterpatriot]

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

Are the Chinese going to eat their dollars instead of spending them?

The Chinese are buying their soybeans from Mexico and Brazil, and wheat and other grains from Argentina. They replaced the US farmers immediately. China is still awash in cash from their balance of trade surplusses and they are now the lead partner in the TPP, taking the spot which opened up with Trump withdrew.

The Chinese are now buying from their TPP Partners what they used to buy from the USA, and they're building new trade routes and shipping lanes from China to Africa, the Middle East and Europe, making major investments in seaports along the East Coast of Africa, and the West Coast of South America The kinds of infrastructure investments the US made with its trading partners when it sought to secure good trading relationships, and strategic alliances.

Japan signed a major trade deal with the EU, as did Canada. Trump has demonstrated himself to be an unreliable trading partner and ally. The USA is increasingly being frozen out of world markets they long dominated, as Trump tears up trade agreements, nuclear non-proliferation treaties, and demonstrates his complete inability to fix anything.

The Chinese are buying their soybeans from Mexico and Brazil, and wheat and other grains from Argentina.

And the former consumers of Mexican, Brazilian and Argentine grains are buying what?

China is still awash in cash

Which they will now eat? Store under the bed? What?

The Chinese are now buying from their TPP Partners what they used to buy from the USA

Buying with dollars?

 

[Dragonlady]

Why are some Americans on this board sanguine with China screwing US for decades? They took over our manufacturing, stole our tech and refuse to participate in fair trade. What's up with some of you? This is an economic war. During WWII Americans had no trouble putting up with some inconveniences but we all pulled together. Today we are divided and fighting among ourselves and the left has taken over our traditional media and is spreading lie after lie after lie about our President. A perfect recipe for losing a war.

Ah yes, the Trump lament "China has been screwing us for decades". Kindly explain how the Chinese "took over our manufacturing". Did the Chinese go to Trump Tower, put a gun to Donald's head and force him to sign a contract to have his suits manufactured in China. Or did Donald say to himself "I can make more money having my suits made in China, than here in the USA. I can charge the same price as I did for the American made suits and pocket a bigger profit.".

Walmart threatened to replace suppliers who refused to off-shore their manufacturing to reduce their wholesale costs. And Americans lapped up the cheap goods with a fork and spoon. Forget the Mom and Pop stores who paid decent wages, sourced their goods locally and taxes to their communities. Let's get cheap shit from Walmart, who buy from China, and the profits are spent by the Walton family, not local suppliers, not local merchants contributing to the local economy.

The Chinese didn't "take over" American manufacturing. American corporations gave it to them. It was Corporate America who screwed the American workers, and who continue to screw the American workers. That Trump has convinced you it was the Chinese, well, now you know better.

I do agree they stole your tech, but you were dumb enough to give it to them in the first place. You don't give your trade secrets away to people who have a vested interest is screwing you over.

 

[Leo123]

Why are some Americans on this board sanguine with China screwing US for decades? They took over our manufacturing, stole our tech and refuse to participate in fair trade. What's up with some of you? This is an economic war. During WWII Americans had no trouble putting up with some inconveniences but we all pulled together. Today we are divided and fighting among ourselves and the left has taken over our traditional media and is spreading lie after lie after lie about our President. A perfect recipe for losing a war.

Ah yes, the Trump lament "China has been screwing us for decades". Kindly explain how the Chinese "took over our manufacturing". Did the Chinese go to Trump Tower, put a gun to Donald's head and force him to sign a contract to have his suits manufactured in China. Or did Donald say to himself "I can make more money having my suits made in China, than here in the USA. I can charge the same price as I did for the American made suits and pocket a bigger profit.".

Walmart threatened to replace suppliers who refused to off-shore their manufacturing to reduce their wholesale costs. And Americans lapped up the cheap goods with a fork and spoon. Forget the Mom and Pop stores who paid decent wages, sourced their goods locally and taxes to their communities. Let's get cheap shit from Walmart, who buy from China, and the profits are spent by the Walton family, not local suppliers, not local merchants contributing to the local economy.

The Chinese didn't "take over" American manufacturing. American corporations gave it to them. It was Corporate America who screwed the American workers, and who continue to screw the American workers. That Trump has convinced you it was the Chinese, well, now you know better.

I do agree they stole your tech, but you were dumb enough to give it to them in the first place. You don't give your trade secrets away to people who have a vested interest is screwing you over.

You're really making a fool of yourself...Even the left-biased NPR can't ignore China's illegal activity.

"I think it supports the narrative coming from the Trump administration and elsewhere that China has embarked on a very holistic campaign to acquire U.S. technology, often illegally. And here you have a bonus program that's intended to incent employees to go ahead and steal proprietary information, which actually Huawei's own local management in the U.S. said its employees should not adhere to because they have to abide by U.S. law."

What The Huawei Indictment Says About How China Steals Technology

You really exhibit no knowledge of American manufacturing. There are many reasons why American manufacturing went overseas, not the least is draconian, Democrat, leftist environmental regulations that made it almost impossible for manufacturing plants to operate. Silicon Valley is a good example. We used to make most of our electronics there but, the environmental lobby shut it down. There are many more examples that you are obviously oblivious to because you choose to believe left-wing bullshit.

 

[Synthaholic]

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

There were plenty of losers today.

 

[Leo123]

There were plenty of losers today.

Yeah there are billions of Chinese..

 

[Meathead]

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.

China's going down fast, what with the trade ware and Hong Kong. Sorry.

 

[Rambunctious]

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.

You need to read more DL....China is a very bad nation with evil intent....and they are desperate which makes them lethal to freedom....our freedom....

 

[Vandalshandle]

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.

You need to read more DL....China is a very bad nation with evil intent....and they are desperate which makes them lethal to freedom....our freedom....

...yes! a commie under every American bed!

 

[Rambunctious]

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.

You need to read more DL....China is a very bad nation with evil intent....and they are desperate which makes them lethal to freedom....our freedom....

...yes! a commie under every American bed!

Yawn...another worthless meaningless rebuttal from vandalshandle...

 

[Rambunctious]

Do you libs know why Obama couldn't fully recover from the crash for working class America?...because China was taking our jobs...stealing our ideas...manipulating their economy...why is that so hard to understand?...

 

[Vandalshandle]

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.

You need to read more DL....China is a very bad nation with evil intent....and they are desperate which makes them lethal to freedom....our freedom....

...yes! a commie under every American bed!

Yawn...another worthless meaningless rebuttal from vandalshandle...

I can't help it if I am amused. Just how is Chow Chung stealing my freedom?

 

[Picaro]

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.

LOL. More “economists” and their useless opinions.


China blinks after one day:
Dow trading higher after China blinks - CNN

You obviously do not own any stock. The DOW is still down 1,000 points from where it was a week ago, and China has not "blinked" at all. In fact, the pain from Trump's latest disaster has not even begun. Nor has any of Trump's tariffs have accomplished a damn thing so far in his administration.

Are the Chinese going to eat their dollars instead of spending them?

The Chinese are buying their soybeans from Mexico and Brazil, and wheat and other grains from Argentina. They replaced the US farmers immediately. China is still awash in cash from their balance of trade surplusses and they are now the lead partner in the TPP, taking the spot which opened up with Trump withdrew.

.

Good. It's more than stupid to be stripping off our topsoil to feed a communist regime working against us on all fronts; and also let the Mexicans and Brazilians take those grossly over-priced yuan by the shiploads as well. Lol @ all the other rubbish about how grand Red China's economy is.You're clearly too mentally ill to live without some sort of government aid.