Soybean farmers are hurting so President Trump asking china to shift soybean tariffs to something else indicates that he's desperate to get the vote of these farmers in next year's presidential election.
Trump Asks China to Shift Soybean Tariffs to Something Else
As part of a trade deal, the US and China will both keep $50 billion in tariffs. Trump asked China to shift tariffs. US farmers have borne the brunt of China retaliatory tariffs as U.S. Soybean Shipments Hit One-Year Low. Despite being close to a deal (for months), Trump insists in keeping $50 billion in tariffs on Chinese products. China will do the same. Trump had demanded that China remove all tariffs as part of a deal. However, Trump backed down as he always appears to do. To make it appear as if China is doing something meaningful for US farmers, China to Consider U.S. Request to Shift Tariffs on Farm Goods. ... (full story)
- Posted: Apr 15, 2019 10:38pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,597