Based on analysis of Chinese and U.S. data, Chinese imports of American soybeans between September and November this year increased 13 times from the same period last year, according to Xiaoping Zhang, Greater China Regional Director for the U.S. Soybean Export Council.
U.S. soybean exports to China essentially dwindled in the second half of last year after Beijing retaliated to U.S. tariffs with its own duties. As a result, all Chinese purchases of U.S. soybeans this year occurred through specific arrangements, outside normal trade channels that would otherwise subject the imports to retaliatory tariffs of about 30%, Zhang said.Bryan Woolston | ReutersBetween September and November this year, Chinese imports of American soybeans increased 13 times from the same period last year, according to Xiaoping Zhang, Greater China Regional Director for the U.S. Soybean Export Council.
U.S. soybean exports to China dropped off sharply in the second half of last year after Beijing retaliated to U.S. tariffs with its own duties. As a result, all Chinese purchases of U.S. soybeans this year occurred through specific arrangements, outside normal trade channels that would otherwise subject the imports to retaliatory tariffs of about 30%, Zhang said in a phone interview Monday.
lie to your face, hmmm
Sad to see all crew in Squawk Box has no guts to differ and go along with him, losing true American leadership value, decency and faith.
He is such an ideolog extremist and pathy liar. None of what he said is based on real truth. It is very dangerous for this country to be ruled by this kind of people. No wonder he got fired by President. Otherwise, he will get President, this country and world into trouble.
SHAME ON YOU FOR HAVING THAT RACIST XENOPHOBIC LYING DOG (THE PRESIDENT CALLED SOMEONE A DOG AND DIDNT GET BAN) ON YOUR SHOW. andrewrsorkin you are complicit with squawkjoe and his madness - he is acting on behalf of the WH SquawkCNBC . SHAME SHAME SHAME SHAME SHAME ON U
Just like team trump does 🤷🏼♂️
Yup
burb!
Gee whiz, it's as though Steve Bannon walks on H2O & US do not break their very own rules & continually moving goalposts. Surprised no disclaimer or rebuke from CNBC all Lilly White panel of hosts.
Bannon looks like a homeless drunk!
no wonder trump fired the sleaze...
Coming up next, Mr. Bannon will explain exactly how he ingests that much weed with his head 18” up trump’s rectum. Stay tuned.
350 billion is the annual trade deficit. By buying some 25 billion more Ag produce, and that too for one year only, when all the pigs are dead, is a wise choice. In return all tariffs get halved and rest don’t see new tariffs! China won hands down offering nothing else!
Sounds a lot like the current administration in the USA
they can't tell Americans that they actually took the money from them to spend on the military.
yes, it is a scam by the US govt. they took the money paid by US companies as tariffs and told its people that the tariffs were paid by China.
Why are you talking with this nut on the air? Extremely disappointing for what I thought was an actual news network to be hosting this guy. You dropped several notches in my estimation.
they never mentioned about the 300 billion US companies operating in China made every year. This hooha started because the US is running out of money and they can't raise the taxes on its own people hence they put out a scam to take money from US companies and blame it on China.
they kept lying to the Americans that china was paying the tariffs.
isn't this too aged to be circling still? pretty embarrassing.
That's pretty funny coming from him
well that was ... I don't really know, WOW , I mean looking at him is painful enough , much less the horse SHIT that comes out of this mouth
On this point he is spot on... It's always been part of the Chinese mentally... They like to make up the rules as they go along...
Neither is Trump. Touché.
He’s right.
Sounds like MSM and Dems! dirty as they come!! our fbi is dirtier than Red China! all roads lead to POTUS44 ! the closer Barr gets the dirtier they become!!
Unlike the USA who is to be totally, utterly and unquestionably trusted.😂😂😂 (hint, note the sarcasm)
Steve Bannon is still alive?
Yep, that’s where I go for all my China trade advice-Steve Bannon.
It is best not to accuse China when others may do the same or even worse and some of those we call allies.
Steve Bannon... Trade expert? Financial expert? Expert in markets? Nope.. SquawkCNBC is having a political strategist come on their show and “sell” his former bosses agenda. This show is not a financial show, it’s just another opinion piece like most of the rest of media
You never know what Trump is going to do next either, which Bannon says is Trump's strength...kinda sucks when the shoe is on the other foot? China will never capitulate, why? Start with educational attainment and work backwards from there.
It would be horrible for a government to lie to your face 🙄
wasting time with SteveBannon the individual that was in the orbit of DonnieFiveChins the one inflicting tariff which are harming Farmers in the US.
Now THIS is rich. Basically summing up the entire trade war. Both Trump and China move the goal posts and lie to their faces. Good luck with that.
Hey joe...why do you have ppl on air who conspired with a mortal enemy to attack us citizens? Please explain.
Nothing says no one wanted to sit for an interview more than booking SteveBannon. CNBC
China = EnemyOfThePlanet
That can't be true. Ivanka has a lots of business there, so do the Senate majority leader's wife and her family.
Trump doesn't lie to your face! LOL!
Trump just got a big negotiation leverage with China with USMCA.
Healthy choice
All these drama was to force the poison rich GMO garbage upon the people of China? Our foreign policy mostly is surrounded around promoting arms sales and poisonous food across the globe.
Tell me how many tons from US pls! 13 times of last year! If only one ton last year, 13 tons are still only near to zero!
TheLastRefuge2 Little wins are still wins
TheLastRefuge2 Interesting they are doing that with a Case American tractor.
abovewater2 Thank you realDonaldTrump
China biggest celebration next month, the Chinese New Year. they are buying to fill the demand. killing 2 birds with 1 stone. they get to remove tariff and they get the food. win-win for china. too bad for the 580 US farmers who have gone bankrupt recently.
fuck yeah bullish. Now buy the shit outta Nasdaq.
President Trump best President ever!!🇺🇸
Who eats soybeans? They're disgusting.
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