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originally posted by: Arnie123
Which also leads credence to what Trump was saying, the Chinese seriously underestimate Trump.
originally posted by: Identified
a reply to: AndyFromMichigan
China also just devalued it's currency which is sending world markets on a death spiral.
While this isn't good for anybody, it only serves to prove that Trump was right about china all along.
originally posted by: hopenotfeariswhatweneed
originally posted by: Arnie123
Which also leads credence to what Trump was saying, the Chinese seriously underestimate Trump.
originally posted by: Identified
a reply to: AndyFromMichigan
China also just devalued it's currency which is sending world markets on a death spiral.
While this isn't good for anybody, it only serves to prove that Trump was right about china all along.
You really don't think this move from China is in response to trump and his tariffs ?
originally posted by: cenpuppie
ATS almost forgot the creme de la creme.
Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low; Global Markets Tumble After Beijing Suspends US Agri Imports
Why is that pause-worthy?
Update 1 - China is firing all the big guns tonight, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises "to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week."
Combined with at least a 10% increase on consumer goods, specifically clothing, knick knacks, and electronics.
Yea, this weekend was poppin.
that is only a small snippet in the grand scheme of that article mind you and only covers grain and meat
China has historically striven for domestic food production self-sufficiency. In 1996, the government issued a White Paper on the Grain Issue that established a 95 percent self-sufficiency target for grains including rice, wheat, and corn. China’s domestic production has for the most part increased to meet the country’s growing demand. Over the past four decades, China’s grain consumption has more than doubled from 125 million tons in 1975 to 261 million tons in 2016. Considerable investments in agriculture have enabled China’s farmers to produce high volumes of staple crops, with China only importing a few million tons of rice and wheat per year. China often produces around the same amount of grain products as it consumes, resulting in a production-consumption ratio of roughly 1.0 since the mid-2000s. Similar production and consumption trends exist in India, although in recent years it has grown increasingly reliant on rice imports. Although a noteworthy achievement for both countries, a major grain exporter like the United States produces between 1.5 and 1.7 times more rice and wheat than it consumes. Despite Brazil’s growing domestic demand for wheat, it still manages to produce nearly twice the amount it consumes. This ratio is even more pronounced in Australia, which boasts the most arable land per capita in the world, and produces more than three times as much wheat as it consumes. With regard to meat products, China has witnessed an astronomical increase in consumption from a mere 7 million tons in 1975 to 75 million tons last year. China now consumes roughly 50 kilograms (kg) of meat per capita. This, combined with its massive population of 1.4 billion people, has made China the largest consumer of meat in the world. In terms of per capita meat consumption, China still falls behind countries like Australia and the United States (93 and 97 kg per capita, respectively), but well ahead of Japan’s 35.6 kg per capita. While domestic production has increased, meat imports have become an increasingly important component of China’s food security. China’s 3.6 million tons of meat imports in 2016 represents a several thousand percent increase from the mid-1970s.
originally posted by: worldstarcountry
a reply to: AndyFromMichigan
This is a great opportunity for Taiwan to declare independence. Then we can see if China is capable of fighting on multiple fronts.
originally posted by: Flyingclaydisk
a reply to: AndyFromMichigan
Well, it has definitely taken the spotlight off of the Jeffery Epstein investigation, and who all might be involved in Lolita-gate.
Isn't that curious!
originally posted by: Flyingclaydisk
I haven't seen any lack of coverage of what's going on in HK though.
The India thing is a development I didn't see, but that's been going on for decades.
originally posted by: Flyingclaydisk
a reply to: LSU2018
China will NEVER suspend US agricultural imports!! They'd starve to death if they did!
This is one of the hardest things about the emport/export tariffs thing. China really wants to import raw production materials like iron ore, and many others. They want to export manufactured goods. The US has an abundance of agricultural exports. And, the crux of the tariff war is taxing China on imported manufactured goods and placing tariffs on exported manufacturing resources (without impacting the one thing China will ALWAYS import...agricultural goods).
China just simply doesn't have the capacity to produce anywhere near the agricultural products they need to support their population. Why do you think the US grows so much wheat and corn? There's no way we could consume it all! (unless every last citizen here ate 55 loaves of bread and had 25 boxes of cereal and pasta dinners every single day).
ETA - Many people base their understanding of import/export trade on what they see in the bias MSM. Probably less than 5% of that reporting is accurate. Most people are clueless to where agricultural products in this country go. I could even tell stories about our cattle, but that's another thread.