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To: Teacher317

Hey dingleberry, Chinese ag imports from the USA are down 70% year on year since the idiot-mitten tariffs went on.


30 posted on 08/29/2019 12:04:56 PM PDT by babble-on ("moderation is best in all things" - Hesiod)
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To: babble-on

China used to buy a few percent of our farm output, mostly concentrated in a few commodities. Their biggest purchases were always for soybeans, to feed the largest stocks of hogs in the world. This year, their pork production has been devastated by disease, dropping their feed requirements in half.

Commodity products (Ag and oil/gas) are the main things that China imports from us, that they are able to easily substitute. So they are the areas where real retaliation occurred. In other areas, they put small tariffs, and often subsidized the costs to their companies, making their tariffs largely a sham.

Just as it is easier to find alternative suppliers of commodity products, it is also easier to find alternative customers for them. Ten cents cheaper, and our product can sell elsewhere, to a significant degree.


33 posted on 08/29/2019 12:30:22 PM PDT by BeauBo
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