Dennis Avery Apr 07, 2018
Democrats in farm states are busily warning their rural neighbors that President Trump betrayed them with his tariff pressures, which may especially impact U.S. farm exports to China. China has imposed a 25 percent tariff on U.S. soybeans, wheat, beef, pork and some other food products. Will this ruin American farm prices?
Be of good cheer. The world prices for soybeans and beef are set by global supply and demand. Soybeans and beef are essentially commodities, not unlike oil. It doesn’t really matter whether China buys American soybeans or Brazilian beans because both those countries are willing sellers. If one sells to China, the other will sell to the other countries that also import to meet their sizeable food import needs..........To Read More....
My Take - We keep hearing we "need" China, well that's horsepucky! China needs the U.S., and without the ability to sell their products to us, many of them of low quality, they go broke. We really do need to get that. Those crying the most are only looking after their own nest, but overall, any restrictions placed on China will in the long run benefit America's economy.
The vast majority of the one and a half billion people living in China live in an area no larger than the land mass of everything East of the Mississippi River in the U.S.....the rest of China is either arid or mountainous, and not very productive. China's playing a bluff and we have to ignore those from industry and government who keep claiming we have to give in to the Chinese. They're only concerned about themselves, ignore their advice and challenge their claims. Result? We win!
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