Sunday, April 8, 2018

Trump's Trade War With China

Ordinarily,  Trump's Trade war worth China would be a disaster,  but China is not the only buyer of American goods.  https://www.reuters.com/article/us-usa-trade-china-soybeans/as-u-s-and-china-trade-tariff-barbs-others-scoop-up-u-s-soybeans-idUSKBN1HF0FQ. Europeans ate buying up our soybeans instead.

1 comment:

Tom Bridgeland said...

Like oil, soybeans are a commodity. China wants X amount and buys on the world market. Unless they buy a lot less, it won't affect US prices much. As long as they are buying from anyone, anywhere, the market price will hold up.