Posted on 08/05/2019 1:02:16 PM PDT by SeekAndFind
China announced on Tuesday that it has suspended purchases of US agricultural products in retaliation for a “serious violation” of agreements between its President Xi Jinping and his counterpart Donald Trump.
Trump’s announcement last week that the US would put a new 10 per cent tariff on US$300 billion worth of imports from China was “a serious violation of the consensus of the heads of state of the two countries”, state news agency Xinhua said in a report issued soon after midnight.
China “has not ruled out import tariffs on US agricultural products purchased after August 3, and related Chinese companies have suspended purchasing US agricultural products,” Xinhua said.
“It is hoped that the US will conscientiously implement the consensus reached at the meeting between the heads of state of China and the United States, and have the confidence to implement the commitments to create the necessary conditions for cooperation in the agricultural fields between the two countries,” the report added.
After the two presidents held a summit during the G20 in Osaka, Japan in June, Xinhua reported that the two leaders had agreed to resume economic and trade negotiations, and that the US said it would not impose any new tariffs on Chinese products.
Trump told reporters after the meeting that: “We’re holding back on tariffs and they’re going to buy farm products”, adding that his meeting with Xi was “far better than expected.
Negotiations since the June meeting – including high-level talks in Shanghai last week between Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – failed to produce any breakthrough concessions, prompting Trump to announce the new tariffs shortly after the US officials returned to Washington.
(Excerpt) Read more at scmp.com ...
We might need more of our agricultural products anyways:
With the Swine Ebola ravaging Chinese Agriculture - this means the Party is going to let average Chinese go hungry.
American farmers need to either find another market or find something else to plant. Being at the mercy of the Chinese is not where we want to be.
China to starve.
China’s a big consumer. Buying from other countries just leaves the customers of those countries coming to the US for product.
This is hysteria driven by companies with sweetheart deals selling to China. The overall world demand doesn’t change.
It’ll still sell and when the Chinese get hungry the Commie party will get another country to buy for them ,LOL
RE: With the Swine Ebola ravaging Chinese Agriculture - this means the Party is going to let average Chinese go hungry.
Can’t agricultural based countries like Brazil or Argentina or India or Canada pick up the slack?
OK starve your people. With the swine flu in China your basic staple of meat is down dramatically, Where are you going to get your pork?
Guess what tofu is made from, Soybeans, which the US has abundance of, and China, not so much.
Wheat to make your noodles, US abundance, China not so much.
WE(USA)feed the world, and starving masses start revolutions.
We have other markets if you don’t buy.
Fook You, Communist Party of China.
How about we sell some of the stuff in our country that we make here instead of always importing crap from Mexico
close the US market to chinese goods and services. tomorrow.
RE: With the swine flu in China your basic staple of meat is down dramatically, Where are you going to get your pork?
Well, they could ramp up their imports from the EU ( a large pork producer ), Brazil, Russia and Canada.
That would be great.
Most/all of the factories that made clothing, ie ‘buggywhips’ (to use a term a globalist freeper used to justify outsourcing in ‘discussions’ on same about 10 years ago) were packed up lock, stock and barrel and literally shipped to China back in the 90’s.
This is unpossible! Fox Business News tells me that tariffs don’t hurt Communist China at all, they only hurt the American consumer. Communist China would NEVER retaliate...and if they did, it’s only because they just care deeply about the American consumer.
Don’t let up! For the small family farms, I sympathize. For the large “family” farms, depends on how “family”, they really are. Some are fairly large corporations, some of which still get paid for NOT producing. If course, China would rather starve it’s people than lose any money. They’ve played us for suckers for decades.
A new Holodomor. First, Stalin in Ukraine; now Xi (Emperor 11) in China. Will the NYT deny it AGAIN?
Looking forward to some really cheap grain fed beef coming our way!!!! Ethanol fuels should be cheaper too!!
Farmers need to learn to code.
Maybe they could get some good grass and dried cricket recipes from their Nork neighbors?
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