China-Russia trade booming: China approves wheat, soy imports from Russia

[Denizen]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

 

[Rustic]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

Lol
Political correctness has made you fucking retarded

 

[airplanemechanic]

Good. If Russia wants to trade with a partner who will gladly steal their IP let them.

China will only trade with a country that they can fuck over. They can't fuck over the USA anymore so they moved on to Russia. Who gives a fuck?

 

[Crepitus]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

 

[Eric Arthur Blair]

I doubt what America loses in wheat and soy sales to the Communist Chinese they will not more and make up in other areas ending the long standing trade imbalance with China.
This thread is predictably self serving.

 

[JGalt]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

BS. We don't really export that much in agricultural products to China...

• The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
  
• U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).
  
• U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China were in the travel, intellectual property (trademark, computer software), and transport sectors.

The People's Republic of China | United States Trade Representative

Meanwhile, our exports to China were only $179.3 billion while imports from them were $557.9 billion. Do you not see how big of a trade imbalance they have against us? The U.S. goods and services trade deficit with China was $378.6 billion in 2018.

 

[Denizen]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

Lol
Political correctness has made you fucking retarded

You believe I am fucking Rustic?

 

[Denizen]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

BS. We don't really export that much in agricultural products to China...

• The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
  
• U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).
  
• U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China were in the travel, intellectual property (trademark, computer software), and transport sectors.

The People's Republic of China | United States Trade Representative

Meanwhile, our exports to China were only $179.3 billion while imports from them were $557.9 billion. Do you not see how big of a trade imbalance they have against us? The U.S. goods and services trade deficit with China was $378.6 billion in 2018.

The real problem is the US$ is over-valued.

 

[Andylusion]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

No, I agree. While I generally like 90% of everything Trump has done... and yes I do like winning at deregulation and cutting taxes....

this trade war is bad. We need to stop this.

 

[Andylusion]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

BS. We don't really export that much in agricultural products to China...

• The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
  
• U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).
  
• U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China were in the travel, intellectual property (trademark, computer software), and transport sectors.

The People's Republic of China | United States Trade Representative

Meanwhile, our exports to China were only $179.3 billion while imports from them were $557.9 billion. Do you not see how big of a trade imbalance they have against us? The U.S. goods and services trade deficit with China was $378.6 billion in 2018.

The real problem is the US$ is over-valued.

Wut? Can you explain that statement, sir? I don't understand that claim. What exactly is over valued?

 

[Denizen]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

BS. We don't really export that much in agricultural products to China...

• The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
  
• U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).
  
• U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China were in the travel, intellectual property (trademark, computer software), and transport sectors.

The People's Republic of China | United States Trade Representative

Meanwhile, our exports to China were only $179.3 billion while imports from them were $557.9 billion. Do you not see how big of a trade imbalance they have against us? The U.S. goods and services trade deficit with China was $378.6 billion in 2018.

The real problem is the US$ is over-valued.

Wut? Can you explain that statement, sir? I don't understand that claim. What exactly is over valued?

The US $ is overvalued by 25-30%. Even Donald Trump has acknowledged that.

Trade wars and the over-valued dollar

... But the dollar is still rising in value, thanks to overseas investors continuing to pour huge amounts of private capital into bonds, stocks, and other U.S. financial assets. These purchases have already driven up the dollar by nearly 20 percent since mid-2014. And that has continued the trend of making American-made goods less competitive globally. In fact, the U.S. goods trade deficit –dominated by manufacturing imports – reached $875 billion in 2018, an increase of 10 percent in the past year alone, despite the president’s tariffs.
To realistically help America’s factories and farms compete in the global marketplace, Washington must tackle the dollar’s overvaluation. In a fortunate stroke of timing, Senators Tammy Baldwin (D-Wis.) and Josh Hawley (R-Mo.) have just introduced bipartisan legislation to address the twin problems of an overvalued dollar and growing trade imbalances. Their bill would empower the Federal Reserve to tax foreign purchases of U.S. stocks, bonds and other assets. And that could return the dollar to a competitive, trade-balancing level.
Taxing foreign purchases of U.S. financial assets could gradually lower the dollar’s value by 25 to 30 percent—eliminating the present distortions caused by currency manipulation and excessive capital inflows. The goal would be to slow the growth of imports, generate a surge in U.S. exports and rebalance U.S. trade within the next two to four years. That could help to create several million high-wage jobs, particularly in manufacturing. ...

 

[Andylusion]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

BS. We don't really export that much in agricultural products to China...

• The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).
  
• U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).
  
• U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China were in the travel, intellectual property (trademark, computer software), and transport sectors.

The People's Republic of China | United States Trade Representative

Meanwhile, our exports to China were only $179.3 billion while imports from them were $557.9 billion. Do you not see how big of a trade imbalance they have against us? The U.S. goods and services trade deficit with China was $378.6 billion in 2018.

The real problem is the US$ is over-valued.

Wut? Can you explain that statement, sir? I don't understand that claim. What exactly is over valued?

The US $ is overvalued by 25-30%. Even Donald Trump has acknowledged that.

Trade wars and the over-valued dollar

... But the dollar is still rising in value, thanks to overseas investors continuing to pour huge amounts of private capital into bonds, stocks, and other U.S. financial assets. These purchases have already driven up the dollar by nearly 20 percent since mid-2014. And that has continued the trend of making American-made goods less competitive globally. In fact, the U.S. goods trade deficit –dominated by manufacturing imports – reached $875 billion in 2018, an increase of 10 percent in the past year alone, despite the president’s tariffs.
To realistically help America’s factories and farms compete in the global marketplace, Washington must tackle the dollar’s overvaluation. In a fortunate stroke of timing, Senators Tammy Baldwin (D-Wis.) and Josh Hawley (R-Mo.) have just introduced bipartisan legislation to address the twin problems of an overvalued dollar and growing trade imbalances. Their bill would empower the Federal Reserve to tax foreign purchases of U.S. stocks, bonds and other assets. And that could return the dollar to a competitive, trade-balancing level.
Taxing foreign purchases of U.S. financial assets could gradually lower the dollar’s value by 25 to 30 percent—eliminating the present distortions caused by currency manipulation and excessive capital inflows. The goal would be to slow the growth of imports, generate a surge in U.S. exports and rebalance U.S. trade within the next two to four years. That could help to create several million high-wage jobs, particularly in manufacturing. ...

I don't like that argument. I think he said that because he wants to devalue the dollar, and I oppose him on that.

The value of the dollar is due to the value that the US economy produces.

We produce over $20 Trillion dollars in value per year, which compares to Russia's $1.6 Trillion. It's not over valued. I think this is a bad move on Trumps part. I don't know what reason he has for this, but I hope he doesn't push this.

 

[Baron]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

Due to the stupid policy of the West Russia is on the best way to build an union with China.
It is difficult to believe the West can win the fight with two superpowers: Russia- a military, China - an economical one.

 

[pknopp]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

 

[Tehon]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

It is the natural result of the hubris of American foreign policy. The courtship between China and Russia began a few years ago when it became evident that Washington was not going to be content unless it dictated the terms of all global social relations. I first became aware of it following the Ukrainian coup that transpired under the watchful eye of the Obama administration.

 

[justoffal]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

What makes you think this was unexpected?

 

[justoffal]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

It is the natural result of the hubris of American foreign policy. The courtship between China and Russia began a few years ago when it became evident that Washington was not going to be content unless it dictated the terms of all global social relations. I first became aware of it following the Ukrainian coup that transpired under the watchful eye of the Obama administration.

Let the Chinese screw the Russians instead no problemo.

Stop supporting coal smoke, slave labor and destruction of human rights you two faced piece of shit.

Jo

 

[justoffal]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

It is the natural result of the hubris of American foreign policy. The courtship between China and Russia began a few years ago when it became evident that Washington was not going to be content unless it dictated the terms of all global social relations. I first became aware of it following the Ukrainian coup that transpired under the watchful eye of the Obama administration.

China and Russia should be natural trading partners .... They are geographically attached for crying out loud. The goods can be transported overland.

Jo

 

[Tehon]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

It is the natural result of the hubris of American foreign policy. The courtship between China and Russia began a few years ago when it became evident that Washington was not going to be content unless it dictated the terms of all global social relations. I first became aware of it following the Ukrainian coup that transpired under the watchful eye of the Obama administration.

Let the Chinese screw the Russians instead
No problemo.

Stop supporting coal smoke, slave labor and destruction of human rights you two faced piece of shit.

Jo

The best part about it is that the consequence of it will be that the Chinese will stop subsidizing our military exploits. Winning!

 

[Tehon]

Unintended consequences from Trump's trade war is a growing trade relationship between Russia and China.

While American farmers are hurting, Russian farmers are rejoicing.

The next time on China's trade hit list is oil. China has been buying American oil preferentially over other sources to offset its trade surplus. However, in a trade war, they no longer need to offset a surplus and are free to buy from the lowest price source.

Trumpers, are you tired of winning?

China approves wheat, soy imports from Russia - Reuters

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.
It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tonnes by 2035.
The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts showed.
This year, Russia is expected to export 41.9 million tonnes of grain, including 31.4 million tonnes of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

Russian grain supplies could play a key role in President Vladimir Putin’s plan, announced a year ago, to increase the country’s exports of agricultural products to $45 billion by 2024. The agriculture ministry is in charge of that initiative.
China is already importing wheat from six other Russian regions.

I'm not sure it's unintended.

Interesting. Many did note that this would happen and you would think that those who decided to take this path had to know that this would happen, so yeah, one would have to consider this intended or led by complete incompetents.

It is the natural result of the hubris of American foreign policy. The courtship between China and Russia began a few years ago when it became evident that Washington was not going to be content unless it dictated the terms of all global social relations. I first became aware of it following the Ukrainian coup that transpired under the watchful eye of the Obama administration.

China and Russia should be natural trading partners .... They are geographically attached for crying out loud. The goods can be transported overland.

Jo

Yes, of course. Nevertheless, they had differences that had to be overcome. And were.