Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A Hard Look At Donald Trump -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (20335)

6/2/2020 7:00:56 PM

From: Brumar89

Respond to of 47230

Reports: China Halting Farm Purchases
June 1, 2020 10:00 am EDT AlienMotives News Commentary
In what appears to be a direct response to the Trump administration’s decision to end the designation of Hong Kong as autonomous, the Chinese government has reportedly instructed large companies to halt purchases of key agricultural goods from the United States. The move is expected to further damage farmers already hurt by the extended trade wars initiated during the last three years.

Bloomberg and Reuters have both confirmed via multiple sources that previously arranged trades are on hold. Bloomberg has identified specific soy purchases from state-run businesses Cofco and Sinograin have been shelved and that a large pork purchase is similarly delayed. Reuters has verified that large buys of corn and cotton have also been tabled indefinitely.

By pausing them, rather than officially ending them, the Chinese have hamstrung the President. The Phase 1 deal that he repeatedly touted and ceremoniously signed requires China to resume large-scale purchases but provides considerable wiggle room: specifically, it addresses intent on the part of both parties but does not acknowledge any obligation, and it arranges things on a year-over-year basis. China can thus pause their purchases without violating the wording of the agreement, simply by stating they are back-loading the goods toward the end of the year.

With such an approach, China has little risk of retaliatory resumption of tariffs, because they would scuttle the deal while greatly damaging America’s reputation as an honest partner in international agreements (this risk would be virtually zero, but for Trump’s apparent disregard for America’s reputation.) By contrast, the damage to American farmers will be quick to manifest, and may damage the President’s support among that group of voters.

thenewsblender.com

Johnt (45 drained your 409k)

Everything about this man is fake including his "deals." He takes existing deals, blows them up and makes them worse. It's why we have wanted him to do nothing. Any off chance of something good happening with him at the table consistently is suckers bet. Heck, right here at TNB dozens of us were talking about the fake deal and the gaping holes. Alien probably already had this article written months ago, added a timely sentence or two and hit send.