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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Bonefish who wrote (1181987)12/2/2019 4:25:33 PM
From: locogringo1 Recommendation

Recommended By
FJB

  Read Replies (3) | Respond to of 1572780
 
Obviously, no one from SI is monitoring this BB.
SI Ron has stated that dozens of time. Un-moderated political boards are not monitored except when crybaby stoolies snitch and snivel about meanies.
( I used all of your favorite words hay4brains...please update your listings)



To: Bonefish who wrote (1181987)12/2/2019 11:02:12 PM
From: sylvester80  Read Replies (1) | Respond to of 1572780
 
OOPS! Trump just slapped tariffs on Brazil and Argentina to try and dig himself out of a problem he created
Joseph Zeballos-Roig
7 hours ago
businessinsider.com


President Trump announced on Monday that he's imposing new steel and aluminum tariffs on Brazil and Argentina.It's a stunning move that opens new fronts and widens his global trade war into two of the largest economies in South America. In a tweet, Trump blamed both nations for devaluing their currencies and hurting American farmers in the process.Economists, though, reject the idea that Argentina and Brazil have tried artificially weakening their currency.Some have said the President Trump is trying to dig himself out of a hole in the trade war with China instead, seeking to pressure Buenos Aires and Brasilia into limiting their cooperation with Beijing as it buys more of their goods. Visit Business Insider's homepage for more stories. President Trump announced on Monday that he's imposing new steel and aluminum tariffs on Brazil and Argentina. It's a stunning move that opens new fronts and widens his global trade war into two of the largest economies in South America.

In a tweet, Trump blamed both nations for devaluing their currencies, and hurting American farmers in the process.



Donald J. Trump

?@realDonaldTrump





Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal....



69.1K

3:59 AM - Dec 2, 2019
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Weaker currencies would make Argentine and Brazilian goods cheaper on international markets compared to US farm goods.

Economists, though, reject the idea that Argentina and Brazil have tried artificially weakening their currency. And they weren't highlighted on an annual Treasury Department report released in May which officially designates nations as currency manipulators.

Some have said the President Trump is trying to dig himself out of a hole in the trade war with China instead, seeking to pressure Buenos Aires and Brasilia into limiting their cooperation with Beijing as it buys more of their goods.

"I don't think this has a whole lot to do with steel; this is a China issue," Fernando Cutz, a Western Hemisphere expert at The Cohen Group, told the Washington Post. "If USTR wants to maximize a trade deal with China, they need to put pressure on China. But if China figures out how to replace the U.S. markets with Brazil and Argentina, that's not creating pressure."

As China rolled back purchases of US agricultural products over the past year, they've bought more pork, soybeans, and more goods from other countries.

Brazil has been a big winner from the trade war, particularly its soybean farmers. According to a US Department of Agriculture released earlier this year, Brazil's share of the Chinese soybean market surged to 77% in a period ending this February.

That's in stark contrast to the United States, which which saw its portion of the market plummet to 4% this year from around 30% in 2018.



Michael McDonough@M_McDonough





Share of China's Soybean Imports (U.S. down dramatically, Brazil up substantially, Argentina rising): { @theterminal chart link: t.co }





31

6:22 AM - Dec 2, 2019
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Back in September, Argentina inked a deal with China allowing its farmers to export soymeal starting next year, a decision Beijing had long balked at even as it was the top of purchaser of Argentine soybeans, Reuters reported.

The loss of export markets creates significant hurdles for US farmers trying to re-enter them, according to Matt McAlvanah, the spokesperson for Farmers for Free Trade, a pro-trade advocacy group.

McAlvanah previously told Business Insider: "It's very difficult to regain markets farmers have spent decades cultivating. These relationships are built over time, they're built on trust — and when they go away overnight, they don't come back overnight."



To: Bonefish who wrote (1181987)12/3/2019 5:03:56 AM
From: pocotrader1 Recommendation

Recommended By
Brumar89

  Respond to of 1572780
 
I didn't threaten bodily harm or posted a nude picture, why don't you try posting that and see what happens, remember sticks and stones, one of your crony's called Obama an ape, thats pure racism, no repercussions but good folk calling him out on it



To: Bonefish who wrote (1181987)12/3/2019 1:33:13 PM
From: Heywood402 Recommendations

Recommended By
pocotrader
rdkflorida2

  Read Replies (1) | Respond to of 1572780
 
The pussy-grabber-in-chief has set a very low standard