Originally posted by farmaholic
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Originally posted by burnt View PostChina is a master at market manipulation.
Sources say that China cannot sustain this action without harming their own interests. Pretty important to secure a food supply for 1.4 billion hungry stomachs. Will they risk causing domestic social unrest in their efforts to hurt the US?
Trump knows this.
As someone else asked, is there another source for those beans? Not very quickly, and not as reliably.
So I'm not convinced that this action is sustainable, but what would I know.
One thing is for sure - this shows how ugly things can get. And fast.
US markets up 200 points today so traders are completely ignoring these new tariffs
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Originally posted by ajl View PostThis is the intelligent analysis. Don't underestimate the amount of harm China will inflict on itself in order to be perceived as having the upper hand. China has to export and can't afford to be shut out the US market. China started this trade was and president Trump has responded. China has had a long standing tariff on soybeans and canola. Why are Chinese tariffs good and US bad. The other thing is China is forcing Russia and Saudi to take yuan because that is the stuff they print not because their suppliers are demanding it. Besides they need the US dollars to pay energy suppliers from the US for their product. Yes the US and not Canuckistan exports oil to China. Well Canada does do a tiny little bit.
US markets up 200 points today so traders are completely ignoring these new tariffs
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