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China’s agriculture tariffs also hit pork meat. Soy, however, was the largest item hit. What amounted to something closer to an outright ban on American soy rather than just higher tariffs for Chinese importers turned voters in farm counties away from Republicans in November. Concerns over a dried-up market in China spooked enough Midwestern voters, handing the Democrats their much touted “blue wave” in the House of Representatives.
The Lighthizer trip was expected, so another reason for the uptick in stocks today can be tied to the number of companies still beating earnings, says Dan Russo, market analyst for Chaikin Analytics. “Earnings estimates remain elevated and comments suggest that domestic demand remains strong despite a slowdown globally,” he says.More soy purchases are good news for U.S. agribusiness, though this should be considered short term. A lot is riding on Washington’s position related to Huawei.
“The olive branches have been extended so lets hope something can get done ,” says Brendan Ahern, chief investment officer for KraneShares, an ETF company investing in China.
Agriculture is so interesting, I love everything about it.
Hopefully China stays with Brazil and Russia...MAGA...Let them feel the USA alone.
soyboys
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Russia-China Air Patrol Draws Fire From South Korean JetsThe first joint patrol by Russian and Chinese bombers aimed at testing the air defenses of U.S. allies in northeast Asia triggered a rare clash as South Korean fighters scrambled to ward off what Seoul said was an intrusion into its airspace. The next World war is a coming right after gold becomes the new world currency They are going to continue to test us. I hope the 2+ trillion dollar debt we are in can stop the other 2 powerfool nations. South Korea and Russia do not have bordering airspace. Moscow can falsely accuse whoever they want, but you don't scramble for someone away from you.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. trade trip to China fuels optimism Beijing will resume farm purchasesLarry Kudlow said the administration hopes China will begin “very soon” to make significant purchases of U.S. agricultural goods as a goodwill gesture — and ultimately as part of a final trade deal Trump rules What idiocracy these asshats are doing to our relationships, trade policy...and eventually our economy. Lights are flashing red, car is about to go into the ditch again just like 2008 under prev. GOP admin. Just in time for the Dem President and congress to once again clean up.. Well, now that's definite
Source: politico - 🏆 381. / 59 Read more »
Global Stocks Gain on U.S. Moves on TradeGlobal stocks climbed as the U.S. moved to revive trade talks with China and Congress struck a deal on spending and the federal debt ceiling Only way this happens Trump running Scared.
Source: WSJ - 🏆 98. / 63 Read more »
Europe Gets Caught in the U.S.-China CrossfireChina-U.S. trade tensions ripple deep into Europe. 'The three big continents are interconnected and all three are in the same situation.” The US is a country, not a continent. It shares the continent with two other countries, thanks. VOANews insidevoa AtlanticMedia Elenzner AnnaCBross BET cspan featurestory thehill CNNPolitics AndrewScheer jfrobergeQc francoislegault JustinTrudeau calgaryherald bbceducation globeandmail macleans washingtonpost MichelleObama I totally understand what this all means. BorisJohnsonPM I'm hoping for the greatest Brexit 🇬🇧 I have until October 31st to move my domain registration in the EuropeanUnion.. 💻📰💡ideas? contact me
Source: WSJ - 🏆 98. / 63 Read more »
Caterpillar tanks after company cuts guidance, citing tariffs and lower demand in ChinaShares of Caterpillar dropped after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit, SquawkCNBC reports.
Source: CNBC - 🏆 12. / 72 Read more »
China says it won't rule out using force to reunify TaiwanChina outlines its national defense policy priorities, saying it will not renounce the use of force to reunify Taiwan with the mainland and vowing to take all necessary military measures to defeat 'separatists' in Tibet and Xinjiang. Translation: now that America is led by a chump China is gonna do terrible shit. The regime showing its true intentions. Incase the leftists like commie bernie have forgotten, the chinese regime has killed more people than the Nazis& even the soviet union under Stalin
Source: AP - 🏆 728. / 51 Read more »