BEIJING — China's soybean imports from the United States plunged to zero in November, marking the first time since the trade war between the world's two largest economies started that China, the world's largest soybean buyer, has imported no U.S. supplies.
Instead, China has leaned on Brazilian imports to replace the U.S. cargoes, customs data showed on Monday.
China brought in 5.07 million metric tons of soybeans from Brazil in November, up more than 80 percent from 2.76 million metric tons a year ago, data from the General Administration of Customs showed.
Meanwhile, U.S. imports plunged from 4.7 million metric tons in November 2017 and were down from 67,000 metric tons in October.
Great, we must de-couple from the Chinese economy and begin a cold war to destabilize and destroy their nation from within. The communist government in China will start WW3 if left unchecked and are our modern day "Nazis."
I know this is just another partisan "let's hate Trump" hit piece, but if you want to bash him over soybeans maybe praise him since China is now importing some American rice? You know, in all fairness... https://www.reuters.com/article/us-...ce-imports-ahead-of-trade-talks-idUSKCN1OR0LB
So Trump has single-handedly crippled the entire American soybean market. As I said in another thread, isolationism only works if everybody else is also isolationist.
China was the largest buyer of American soybeans, and since China has new suppliers now they're not coming back.
https://www.nbcnews.com/news/world/...-first-time-trade-n951556?cid=sm_npd_nn_tw_ma
Beijing resumed buying U.S. cargoes earlier this month, after the two countries agreed on Dec. 1 to a truce in their trade war. But, the hefty tariffs on U.S. cargoes remain in place.
Um...decoupling is precisely what leads to an increase in the possibility of war since we'll have no intertwined markets to discourage a war.
Um...decoupling is precisely what leads to an increase in the possibility of war since we'll have no intertwined markets to discourage a war.
The Chinese economy is a debt fueled ponzi scheme, if anything we must decouple to protect ourselves when they face their inevitable crash/recession.
Empowering China and contributing to GDP growth there further empowers them which leads to an enhanced military, growing global influence, and a strengthening global threat to world peace. Would you purchase something or try to enhance the economy of Nazi Germany back in the 40's? The world must no longer be silent and capitulate on China. Their government is evil and is devoid of any kind of benevolent intentions.
Your point is moot because it's a global economy and as the case with Soybeans demonstrates, they'll just get their supplies elsewhere. So now they have their soybeans and we don't have their soybean money. If that's a check in the "win" column for you, then...okay, I guess.
Um...decoupling is precisely what leads to an increase in the possibility of war since we'll have no intertwined markets to discourage a war.
Great, we must de-couple from the Chinese economy and begin a cold war to destabilize and destroy their nation from within. The communist government in China will start WW3 if left unchecked and are our modern day "Nazis."
I know this is just another partisan "let's hate Trump" hit piece, but if you want to bash him over soybeans maybe praise him since China is now importing some American rice? You know, in all fairness... https://www.reuters.com/article/us-...ce-imports-ahead-of-trade-talks-idUSKCN1OR0LB
Are you going to actually respond to any of the arguments I've made at all?
Thanks for posting about the rice import.
So what is the solution? Let unfair trade run amok? What is the end game here? Being at China's mercy? It seems we are almost there already.
The USA is almost 100% dependent upon Chinese manufacturing, and in the end, it doesn't matter if China endures pain by decoupling from us, because in the end, China operates a command state economy, which means that their leadership won't think twice about forcing the Chinese people, even the wealthy elites, to make large sacrifices. That's what happens in a society like China's, it's what they do.
The Chinese are still communists and they're still a dictatorship, therefore they love the notion of a communist "five year plan".
And if that plan amounts to strategies designed to cripple America's economy to teach America a lesson, then that is what they will do, and the first place they will start IS our Chinese manufacturing. And they don't have to just cut it off instantaneously either. They could gradually slow it all down, or they could "accidentally on purpose" find that there are "glitches" in the system that "caused them to hold or delay shipment" on various items which are critical to our economy...oopsie.
People keep saying that China could not survive such a hit to their economy. Nonsense. China could survive even if all 1.5 billion of them had to go back to one bicycle, one bowl of rice, one kid, one pair of black silk pajamas and a hat. They'd only have to do it for a couple of years to crush our economy and leave them as the economic superpower.
The Chinese economy is a debt fueled ponzi scheme, if anything we must decouple to protect ourselves when they face their inevitable crash/recession.
Empowering China and contributing to GDP growth there further empowers them which leads to an enhanced military, growing global influence, and a strengthening global threat to world peace. Would you purchase something or try to enhance the economy of Nazi Germany back in the 40's? The world must no longer be silent and capitulate on China. Their government is evil and is devoid of any kind of benevolent intentions.
You have zero understanding of history. Hitler's rise to power was enabled by the harsh settlement Germany endured after their defeat in WWI. The high unemployment and depressed economy was a key element in the Nazi takeover of the Govt. China's dependence on trade with the U.S. reduces any chance of conflict between us. Trumps actions against China are weakening that dependence and increasing the chances of Chinese aggression while reducing our influence in Asia. Trade wars have never benefited any nation that has attempted them.
China imports zero U.S. soybeans in November for first time since trade war started
I don't know if that's necessarily the best example, the rise of the Nazis was multifaceted and poor economic conditions don't always lead to authoritarian governments, and since there's one already in place in China (that by the way has been recently putting minorities in concentration cam.... I mean schools), it's difficult to say what a dramatic economic downturn would do to the government.
The Chinese Govt. believes the way to stay in power is by providing economic growth and stability and see any threat to their economy as a threat to their survival. They are using the model of the U.S. postwar boom as a guide. The growth of the Chinese middle class rivals our own postwar boom. They are now the #1 market for automobiles if you don't believe me .
You think this is Trump trying to "decouple" the U.S. economy from China? How is that even remotely plausible?Great, we must de-couple from the Chinese economy and begin a cold war to destabilize and destroy their nation from within. The communist government in China will start WW3 if left unchecked and are our modern day "Nazis."
I am not nearly as sure about what you say, the instability in China that could be caused by a large economic downturn could be catastrophic for the government, the massively growing middle class has flexed its muscles, slightly mind you, but in recent years Beijing has been forced to respond to certain things, particularly pollution, but if all their progress is suddenly threatened, don't count on them to remain silent.
People have been willing to go along with the current Government due to the economic conditions, if that suddenly went away, you'd probably be surprised what you might see, China is as vulnerable as anyone to the shifting forces of the global economy and they may have their own housing bubble in the near future that could cause issues.
There are large scale problems such as the looming demographic time bomb that literally no one is talking about, as a result of aging population and unintended consequences of the one child policy that has the potential to cause massive problems for the Chinese economy.
The other aspect is whether in a situation in which there was large scale unrest... How would Xinping react, would he pull a Tienanmen square to restore order at all costs?
An interesting question anyway.
You think this is Trump trying to "decouple" the U.S. economy from China? How is that even remotely plausible?
Ok... Don't necessarily disagree with this, all I'm saying is I don't know if the Nazi parallel really works in this context.
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