Brazil and Argentina capitalized off Trump's trade war with China. Soybean giant Brazil swoops on US crop as China trade war punctures prices Chinese buyers cash on American supplies to feed demand in own countries, analysts say Keegan Elmer Published: 11:58pm, 20 Jul, 2018 Brazil swoops on US soybean as China trade war punctures prices
Trump is restoring tariffs on Brazil and Argentina who capitalized off his trade war with China. Trump is trying to start a currency war to try to mitigate the problems he caused when he started his trade war. Trump says he will restore tariffs on Brazil, Argentina metal imports Reuters Published Mon, Dec 2 20196:24 AM EST Updated an hour ago Trump says he will restore tariffs on Brazil, Argentina metal imports
With the 2020 election approaching, Trump is desperate to show to the U.S. farmers that he is doing something to mitigate the damage that he caused them.
Who said anything about soy milk? You sure like Trump as if he is your obsession; and, you are from Australia? You must realize that he is fat and stupid, ain't that right?
Why? If you want to make it about the farmers, look at the competition Do you really think US farmers would believe the likes of Warren or Sanders would do shit for them?
The question was: WHO SAID ANYTHING ABOUT SOY MILK? It sounds like you made a logical leap, between Egger's comment about Brazil's share of the market. WE were not talking about the price of Soy Milk. And I don't want to look up prices from before and after Trump's magic touch on this market. Also, I do think he is fat and stupid. (1) He is fat and his weight is way over what he says it is. That man is well over 300 pounds. (2) Because he is unable to string a complete sentence together, I think he is stupid. So, there you have it.
Closer look: Trade war six months later: Who’s winning? Tariffs hurt China’s economy more than the U.S., but that may not matter. Mike Wilson Oct 30, 2018 Closer look: Trade war six months later: Who’s winning? excerpt: "Even if the disputes get resolved tomorrow, three things will likely come from the trade war: 1. Low cost production is economic gravity. If China loses markets in the U.S. for low-cost production, that production may begin to appear in other countries that want to serve U.S. markets. That is, if those countries and their industries want to accept the risk that the U.S. won’t slap tariffs on them, too. 2. Tariffs may seem simple, but they change global production, trade flow, related products, and more significant, they change expectations on where to get reliable supply in the future, both short-term and long-term. 3. The trade war tainted the U.S. image as a reliable trade partner. Regardless of the resolution, the Chinese will be more actively and aggressively diversify away from trade with the U.S. and expand domestic production wherever possible. This will incentivize the country to invest more in other partners like the EU. Japan, Former Soviet Union countries, Brazil, and Africa. China and Japan just signed several important agreements facilitating monetary exchanges and coordinated global investments."
White House considering tariffs of up to 100% on $2.4B of French goods Zachary Basu December 2, 2019 White House considering tariffs of up to 100% on $2.4 billion of French goods excerpt: "The Office of the U.S. Trade Representative announced on Monday that it is considering tariffs as high as 100% on up to $2.4 billion worth of French products, following an investigation that concluded France's digital tax "discriminates against U.S. digital companies, such as Google, Apple, Facebook, and Amazon." Why it matters: The proposal underscores the administration's willingness to expand the scope of President Trump's trade war beyond just China and use tariffs as a weapon to retaliate against other countries. It was announced around the same time that Trump landed in London for a NATO summit, where he will come face-to-face with French President Emmanuel Macron. The list of products that could be targeted includes sparkling wine, French cheese, handbags and more. The big picture: The announcement also comes the same day that Trump tweeted he will restore steel and aluminum tariffs against Brazil and Argentina due to their currency devaluations. On Fox Business, Commerce Secretary Wilbur Ross said that time is running out for the U.S. and China to agree on a trade deal before Dec. 15, when the U.S. is set to impose an additional 15% tariff on around $156 billion worth of Chinese goods."
UPDATE 6-Trump, citing U.S. farmers, whacks metal tariffs on Brazil, Argentina Andrea Shalal and Gabriel Stargardter Reuters Published Mon, Dec 2 20191:28 PM EST UPDATE 6-Trump, citing U.S. farmers, whacks metal tariffs on Brazil, Argentina excerpts: "Trump’s accusation that the Brazilian and Argentine currencies were being artificially devalued was met with widespread skepticism. In Brazil, the recent slide in the real has caused a public outcry and led the central bank to intervene, while Argentina put in place currency controls to steady its beleaguered peso." "The Instituto Aco Brasil, the country’s main steel lobby, said it was “perplexed” by Trump’s decision. It said in a statement that Brazil’s government could not be meddling with the real as the currency is free-floating. “The decision to tax Brazilian steel as a way of ‘compensating’ the American farmer is a retaliation against Brazil,” it said. “Such a decision ends up hurting the American steelmaking industry itself, which needs semi-finished products exported by Brazil in order to operate its mills.”"
Brazil is now the world's most powerful force in the Beef business. They control America's Beef and Rawhides and the main source of insulin.
An article about Trump's mistaken notion that global trade can be managed like a real estate transaction. Trump's Trade Problem Is That He Doesn't Understand It By Allan Golombek August 23, 2019 https://www.realclearmarkets.com/ar...m_is_that_he_doesnt_understand_it_103871.html excerpts: "There is one big problem at the heart of President Trump’s trade policy. He just doesn’t understand the issue. Trump doesn’t grasp why we trade, its benefits and how the world has moved ever further from his 18th-century mercantilist view of the global economy. Instead of comprehending that trade - importing as well as exporting - is the way we benefit from the relative expertise of others, he seems to see trade as just a series of transactions entered into a ledger, with the goal of coming out in the black every time." "Trump seems to fail to recognize that a country does not trade (at least not a country with a market economy). Companies (and their customers) do. A tariff that may appear to benefit one company will harm others. When Trump imposed import taxes on steel, for example, it may have appeared to benefit the industry (at least during the sugar-high stage.) But it badly hurt all of the industries that rely on steel as an input. Auto and construction, for example, both took multi-billion dollar hits as a direct result of the steel tariff. It is not surprising that U.S manufacturing is in recession, having recorded two consecutive quarters of negative growth." "And of course, protectionist actions invite retaliation. Ask U.S farmers, who have been hit so badly by China’s counter-actions that the federal government has had to spend $28 billion in an attempt to rescue them. Cross-border trade is not a simple real estate transaction. Trade is in fact exceedingly complex, and becoming more so all of the time, along with everything else that is worthwhile. It is time to admit that - and throw in the ashcan the notion that the goal of trade is simply to sell more, and that trade wars are either good or easy to win."