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China Trade Deal Hopes Revive On Soybean Offer; Can Dow Jones Rally Last?
Investor's Business Daily ^ | October 9, 2019 | Jed Graham

Posted on 10/09/2019 12:56:07 PM PDT by 2ndDivisionVet

This pivotal week of China trade talks started with a slap in the face, but Beijing may be turning the other cheek. Despite the Trump administration ban on sales to 28 Chinese tech firms accused of a role in the government's human rights abuses, China is still talking about buying more soybeans. Beijing's determination to reach a deal, however small, sparked a Wednesday rebound for the Dow Jones and broader stock market after Tuesday's 314-point drubbing.

The Financial Times reported that China is willing to boost soybean purchases by 10 million tons, worth about $3.5 billion at current prices. That doesn't sound like much in the context of a $419 billion goods trade deficit in 2018. The U.S. also is reportedly pushing for progress in opening up Chinese markets. Any constructive steps are preferable to more tariffs, in Wall Street's view.

Oct. 15 Deadline For China Tariffs Looms

Presumably, a mini-deal would keep President Donald Trump from escalating the China trade war next week. Trump has threatened to increase 25% tariffs on Oct. 15 to 30% on $250 billion in Chinese imports.

If those take effect, odds will rise that Trump's next round of tariffs will take effect on Dec. 15. On that day, 15% tariffs would hit another $160 billion worth of imports. Targeted products include cellphones, the Apple (AAPL) iPhone among them, laptops, footwear and apparel.

(Excerpt) Read more at investors.com ...


TOPICS: Agriculture; Business/Economy; Government; Politics
KEYWORDS: china; farming; soybeans; trade
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To: shelterguy
You should get out to flyover country sometime and get some real life experiences. It is basically endless corn and bean fields out here. And the farmers vote.

Endless fields with no people. Screw them. They are on 2% of the population. Manufacturing is 20%+ of the population and they vote too. If you want to play the numbers game. Even in Iowa manufacturing is 10 times agriculture's portion of GDP of that state.

21 posted on 10/10/2019 4:51:52 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
Raw food is a commodity, like anything else. It cam be imported and exported. Please stop treating farmers like they are some kind of special snowflakes.

Yeah - and Russian farmers became unproductive and it helped bring down the USSR - what makes you think other nations will step up and feed us if we let our farmers drift from long-term manipulations by the government...it took many decades to set this scene and it will take time to level the "fields"...paying them to not plant certain crops was only a part of it...

22 posted on 10/10/2019 5:37:42 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: trebb
Russian farmers became unproductive and it helped bring down the USSR

Really? the USSR did not have anything to trade for food and that analogy is bogus as hell.

Do you know what they call agrarian countries with out an industrial base? POOR. SOCIALIST.

Just look at every major city in the eastern USA. The tractor monkeys sure have you Republicans fooled. LOL.

23 posted on 10/10/2019 5:42:12 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Momma always said don’t make fun of the special people. So i will leave it at that.


24 posted on 10/10/2019 5:44:36 AM PDT by shelterguy
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To: central_va
Really? the USSR did not have anything to trade for food and that analogy is bogus as hell.

And they also didn't have enough of their own food being produced....I guess you have a "thing" about farmers...did a farmer's daughter embarrass you?

25 posted on 10/10/2019 7:31:49 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: central_va

Do you like to eat?? Maybe 3 times a day?


26 posted on 10/10/2019 7:36:29 AM PDT by muskah
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To: muskah

Food, like oil, is proceeded all over the world. The farmers are “protected” with subsidies for some stupid reason only GOPe globalist type can figure out why.


27 posted on 10/10/2019 8:34:53 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: trebb

I have a thing about hypocrisy. The mighty bold individualistic brave Republican farmers need trade protection form the world market. How does that square with “conservatism”?


28 posted on 10/10/2019 8:37:13 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: muskah
is produced all over the world

Fixed.

29 posted on 10/10/2019 8:39:20 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

And a good part of our soy and corn crop is about to be buried under a foot of snow.


30 posted on 10/10/2019 9:03:02 AM PDT by muskah
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To: muskah
And a good part of our soy and corn crop is about to be buried under a foot of snow.

It as global market for grains, right Republicans? It will adjust.

31 posted on 10/10/2019 9:23:32 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

The reason the Farmers need any sort of assistance is because decades of unconservative interference controls have kept farmers from being (as you nonchalantly take a backhanded swipe at) bold/individualistic/brave.
I’ve been through Fresno and seen oranges rotting on the trees because the government, in all its wisdom says that 10% loss cannot be redeemed unless they leave the groves to rot and take a full compensation....the government, in all it’s insanity will not go percentages, it’s all or nothing.
They’d be nuts to not take the “deal”.
Thanks for proving I’m right when I said you seem to have something against farmers.
President Trump understands how important a solid agriculture base is and decided that since his tariffs have been hurting a lot of farmers, it made sense to ameliorate some of the pain. A country that can’t feed itself is at the mercy of others (as you so aptly pointed out when you declared that Russia had nothing to trade for food as the USSR finally disintegrated).
The government caused the mess and President Trump doesn’t think the government should tie one’s hands and then leave them to die in a ditch...it’s part of the path back towards actual conservative constitutionalism w/o leaving carnage behind in the process.


32 posted on 10/11/2019 3:27:34 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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