The Chinese soybean industry is reportedly skeptical that imports of US beans can be started back up with the flip of a switch, despite optimism following the trade truce.
Trump administration officials have suggested that renewing purchases of the products could happen immediately.
While trade talks are ongoing following the announcement of a tariff ceasefire last week, Chinese retaliatory tariffs slapped on imports of US soybeans are still in place.
“Who would dare to buy?” Jeffrey Xu, general manager at Hong Kong-based soybean broker Overseas China Investment Co was quoted by Bloomberg as saying. “China could purchase today, and Trump may change his mind the next day.”
The sentiment underscores how damaging uncertainty regarding trade policy is, and how little effect the tentative trade truce will have on contracts and investment before concrete progress can be confirmed.
Other analysts said that, while state-owned companies may start buying up US soybeans for state reserves, private firms would have to wait for the 25% tariffs to come down.
already ending
Yue Fei
Where’s the burning ? I admire your imagination.
See who’ll get burned first and don’t close your squinty eyes. Read.
Time will tell who’s the stupid one. Will just wait this out and it will come.
http://www.crusoeresearch.com/article/jim-rickards-debt-bomb-ready-to-explode/
Yue Fei
Where’s the burning ? I admire your imagination.
See who’ll get burned first and don’t close your squinty eyes. Read.
Time will tell who’s the stupid one. Will just wait this out and it will come.
http://www.crusoeresearch.com/article/jim-rickards-debt-bomb-ready-to-explode/
Keep on fiddling while USA burns. There is no medicine for stupidity. LOL!
Keep on fiddling while USA burns. There is no medicine for stupidity. LOL!
You’re happy to score ? It’s just the beginning.
You’re happy to score ? It’s just the beginning.
Well said comrade LIBRA and Medved!
Well said comrade LIBRA and Medved!
A DESPERATE AND A WANING NATION LIKE THE USA WILL DO ALL SORT OF DIRTY WORKS TO KEEP THEM ALIVE! according to EnB LIBRA and WINSTON CHURCHILL MEDVED.
A DESPERATE AND A WANING NATION LIKE THE USA WILL DO ALL SORT OF DIRTY WORKS TO KEEP THEM ALIVE! according to EnB LIBRA and WINSTON CHURCHILL MEDVED.
Michael Mason Another stuPIG shameless trolls talking nonsense. Did China paid you with shit?
Michael Mason Another stuPIG shameless trolls talking nonsense. Did China paid you with shit?
Not only a colony of the US, but a stupid PUPPET!
Not only a colony of the US, but a stupid PUPPET!
Let them wait till TRAMPPED came begging.
Let them wait till TRAMPPED came begging.
American farmers should try to sell their produces through Trump Enterprise. That way you can be sure the President wouldn’t change his mind.
American farmers should try to sell their produces through Trump Enterprise. That way you can be sure the President wouldn’t change his mind.
Ha! Ha!