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Valued Social Butterfly
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Re: China Buys Zero American Soybeans

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I don't understand why we didn't secure deals with other countries to buy our goods prior to this tariff stuff. The Chinese went to Brazil for the soy beans. No planning, tarrifs generally are bad thing. I hope the spiral downward stops.

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Valued Social Butterfly
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Re: China Buys Zero American Soybeans

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America would lose in a full blown trade war,


"The only thing man learns from history is man learns nothing from history"
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Valued Social Butterfly
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Re: China Buys Zero American Soybeans

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I don't know how things are going to play out, but I hope something positive comes out of this for our farmers. What a mess

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Treasured Social Butterfly
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China Buys Zero American Soybeans

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BEIJING (Reuters) - 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 tonnes of soybeans from Brazil in November, up more than 80 percent from 2.76 million tonnes a year ago, data from the General Administration of Customs showed.


Meanwhile, U.S. imports plunged from 4.7 million tonnes in November 2017 and were down from 67,000 tonnes in October.


The U.S. was the second-largest supplier of soybeans to China and the trade was worth $12 billion in 2017.


The Good News


Beijing resumed buying U.S. cargoes earlier this month, after the two countries agreed on December 1 to a truce in their trade war.


https://www.reuters.com/article/us-china-economy-trade-soybeans/china-imports-zero-u-s-soybeans-in-n...

 

It looks to me like this is a negotiating tactic by China. A November "warning", so to speak.

In December, they buy some U.S. soybeans to show "We're willing to compromise". Those American soybean farmers are waiting to see where this goes.

 

trade war truce.jpg

 

 

 

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