Trade war back again?

Right you are.

CHICAGO (Reuters) - Orders for nearly 1 million tonnes of U.S. soybean exports were canceled this week, according to U.S. government data released on Friday, as cheap supplies from Brazil and trade tension with China made U.S. cargoes less attractive to buyers.


Chinese investment has poured into Brazil in recent years as the world’s most populous country looks to secure food for its citizens and other natural resources.

China has a different business model than the US. They have all these long term plans.

 

yea, they also said the China spring will happen right after Arab spring , didn't happen. Talk to Chinese in US, see how nationalistic they are. Example, in 2012, there were riot in china against japan.

oh did you notice the link says "opinion" and the article is dated 6 years ago.

Take japan/german before WWII and USSR, all are dictatorship, yet the citizen in those country were nationalistic.

 

Thank you.
Steel is a secondary commodity therefore is priced from its origin. Sorry.

 

And it's your opinion that china is a stable country not on the brink. It's also your opinion that America should just bend over and take it up the ass from China. I disagree on both counts.

 

As you can see steel produces don't arbitrarily decide the price of steel. That price is controlled by markets just like oil is. Unfortunately the left thinks "big oil" sets it's price too. You are welcome.

 

when did I say we should bend over? I said i'm against tariff, cause it doesn't work. I said we should get EU and US together to pressure china for its IP issues. of course trump screw that up by piss off all EU.

 

May 31, 2018: Trump announces tarif war on Canadian steel, starting at midnight. Canada plans on retaliation for July first, 2018.

 

Your being silly again.
I can buy steel from anyone on the chart.

Except that now if I buy it from western Europe Trump will add 25% on to the $694 I pay for it. So now it costs me $868. I think the objective was that I would then buy it from US manufactures for $700 and the US companies would increase production. But guess what they just raised their prices. So I am going to pass this cost on to you as the customer for my washing machines, but I probably will lose the business in Europe since they can buy steel for $694.
No one is going to invest long term in steel production knowing Spanky will be gone in a couple of years and the price will fall again.
By the way this is not the first time some one tried this. It didn't work when Bush did it either.
https://en.wikipedia.org/wiki/2002_United_States_steel_tariff

 

the surprising thing about this is trumpers don't see the same in themselves...over the top patriotism/nationalism is a bad thing generally...and the riot in china over Japan was a popular one, Japan felt the effects long after as sales of their cars plummeted, the Chinese population is very nationalistic and don't need their government to prod them into market retaliation...

the whole point of China having a free market economy was to keep control of dissent, as long as the population has freedom to travel, make lot's of money they don't care who is in power, an emperor, or a communist president who has the power of an emperor...

 

Yes wages in china have risen above 80 cents per hour, but I doubt if it more than doubled, which would be a huge increase for china production workers. And the middle class rising in china is not factory workers, but the owner class. Still 1 billion poor in china our of 1.5 billion. Working poor.

 

85 million in the rural poverty category. Going down 10 million this year. Maybe.

https://borgenproject.org/china-urban-poverty/

 

A perfect example of the difference between Libertarianism and conservativism. (Something that often gets confused on this forum.) Tariffs are as “big government” as you can get, and contrary to the supposed free market ideals of Republicans. You could argue that it does fit the definition of conservativism though; Resistance to change. Making America great again by reversing the course of globalization. Or at least trying to. This is big government conservativism.

It will be interesting to see how the aluminum tariffs impact Rusal, the Russian aluminum company that Trump has ties with. My guess is it will be one of many Russian companies to do increased business in Europe.

https://www.google.com/amp/s/www.cs...os-a-Europe-feuding-with-US-over-tariffs-Iran

 

As if farm land is good only for growing soy beans. If farmers really lose China as customer they can easily grow other crops. Hell, you can even start raising live stock.

 

like i said factory worker earn about $800/month, which due to lower cost living in china, they make decent live hood.

this is 2016 apple pay chinese factory worker
https://www.huffingtonpost.com/entry/pegatron-iphone-workers_us_573dcb39e4b0aee7b8e91e21

 

Who are you going to sell it to?

 

Anyone buying.
If China shifts major demand of one specific crop from the US, then farmers in other countries who don’t produce it will start producing soybeans, which will decrease the supply of other crops. The US will fill that gap. Farmable land is a limited resource and world population keeps growing.
Claiming that a farmer that sits on a lot of land will stop producing just because Chinese stopped buying soybeans from him is laughable. Maybe that farmer will have a bad year, but next year he’ll just switch to another crop.

 

to sell it, you need customer that can afford it, unlike oil, gas etc, country buy crop base on their need for the year. Who in the world has 1 Billion customer that can afford US farm goods in large quantity? india has population but not enough $$$ avg per cap , their living standard is so low, they only buy small amount from world. So other than china who will buy it. you? american? i can't eat 10lb of corn per day.

 

Your forgetting about expansion. Brazil is moving (with Chinas help) to fill the gap while we type.

 

Jeez, I can’t believe I have to explain this!
The world has a fixed output of crop because you can’t farm on mars or moon - earth is round, no new frontiers and many countries resist turning wilderness into new farm land. So, if total combined crop is fixed, then to satisfy increased demand for Chinese crops, farmers in other countries are going to have to start raising more soybeans AT THE EXPENSE OF OTHER CROPS. This will create a shortage of some other crops that can be met by US farmers.
Unless you really think people will just prefer to drop dead (in case you didn’t know, eating is not optional for survival), they will buy US crops.
And with each passing moment this world has more and more mouths to feed.

 

Even if Brazil turns entire amazon rainforest into farmland, I doubt they’ll be able to match even half of US production.
And it’s not like you can just pick anyone from the crowd, give them land, build houses, buildings, farm structures and equipment and tell them to raise a bunch of soybeans. You need to know what you are doing to be a successful farmer.

 

wth you talking about there are plenty land in S.america or russia that hasn't been developed. All they need to do is cultivate more land to expand the production. Go to midwest, see how much empty land there is. China already lease land from russia for farming.

 

you think, you have prove on that. go read some economy book then discuss this.

 

Khrushchev tried to expand corn cultivation into Siberia. We all saw how easy it is.
I live in the US Midwest - almost no empty land. It’s either farmland or forest preserves.

 

http://english.gov.cn/news/video/2018/05/09/content_281476140358270.htm

 

oh i also live in midwest, and there are plently undeveloped land here. you sure you live in midwest, and not in city, there are plenty undeveloped land that can be farmed