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Strategies & Market Trends : John Pitera's Market Laboratory

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sixty2nds

To: Jon Koplik who wrote (21641)	2/23/2019 2:08:49 AM
From: elmatador	1 Recommendation of 33421

Why the US trade agreement helps China. China spent $223 billion in 2016, on agricultural support, according to the OECD. The deficit is $352billion , which is 2/3 of the deficit goes to subsidize the Chinese farming sector. "Farmers produced surpluses of certain commodities leaving China with large stockpiles of a variety of goods, but mainly cotton, corn and sugar. Due to the price supports that underpinned domestic production, local food prices were considerably higher than those on global markets." futuredirections.org.au Import the food and prices fall down for the Chinese customer and lower the deficit. Chinese customer happy. DJT administration happy. Chinese treasury happy. But we know the Communist countries are not that intelligent don't we? We can also infer that these huge subsidies are going, not to the poor farmers, but to the fat cats of the communist party...

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