RE: This Is What Happens When You Put An Idiot In Charge of a Complex System
November 14, 2018 at 12:33 pm
(November 14, 2018 at 12:12 pm)Minimalist Wrote: https://www.rawstory.com/2018/11/us-farm...w-markets/
Quote:US farmers scramble to contain trade-war damage, find new markets
Quote:Sri Lanka bought about 3,000 metric tons of U.S. soybeans last year. China bought about 32 million tons – but now buys almost none after Beijing slapped a 25 percent tariff on U.S. imports in July. The move came in retaliation for U.S. duties on Chinese goods imposed by U.S. President Donald Trump.
U.S. farmers would need about 11,000 markets the size of Sri Lanka to replace Chinese soybean purchases, but these days many growers will take any shred of new business they can get
Putting that in a workaday context, 3,000 MT of soybeans will give you exactly one slack hold on a bulk cargo vessel that will be loaded and trimmed in about an hour.
One fucking hold in one hour.
Meanwhile, China is simply turning to South America to get their soybeans.
This is what tariffs bring. Way to go, Trump, you unbelievable imbecile.