Little know is the pain felt by U.S. soybean farmers that are losing business due to decreasing imports from China via retaliation.
Thanks in part to tensions with the U.S. and increased tariffs, though, China did not commit, from May until the end of October, to any U.S. soybean purchases, partly relying instead on South American imports, especially from Brazil.
As China’s economy has improved, the country has sought out more growth-boosting, high-protein soybean to feed its growing number of livestock such as pork and poultry. As the world’s biggest soybean buyer, China last year bought $12.6 billion worth of soybean from the U.S.—accounting for more than half of America’s total exports of the crop, which is its biggest agricultural export. China in recent years has also built up its own soybean production, adding about 9 million acres of the crop and increasing its production by 8.6 million metric tons since 2015
China ultimately committed to buying 12 million metric tons of soybean, down from 22.5 million tons in the prior season - 10 million tons less and getting less as time goes on.
The trend of fewer products being sold overseas will be irreversible and spread to other countries tired of the games our moron-
genius in the White House continues to play using tariffs as a threat. Farmers are feeling the pinch with costs going up and revenue going down - something T could care less about since he already got farmers - including the beef farmers he screwed - to vote for him.
His is
not bigger than reality - (one needs a magnifying glass to see his). Plus, lies coupled with constant exaggeration, are like a Band-Aid for a wound that keeps getting bigger and more infected. The patent -
all of us - suffer in the long run and patience is running out.
One thing we must always keep in mind:
T's only reasons to keep on living are wealth & power and he will do whatever it takes to achieve both. . Take that away and the only thing left is a shell of a man.
THE SCREWER-IN-CHIEF HAS JUST BEGUN !!!!
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