China Agrees to Buy 12 Million Metric Tons of Soybeans this Year, 25 Million per year for next three years

Trump made an extraordinary concession in his landmark deal with Chinese leader Xi Jinping Thursday: In exchange for promises that China will crack down on fentanyl, the United States will shave 10% off the tariffs it charges on Chinese goods.

On the surface, it’s a promising deal that could restore some of the trade that tariffs had stymied between the world’s two largest economies. The reduction will bring the minimum tariff on Chinese imports down to 20%, and the average tariff rate will fall to around 47%. That’s lofty compared to many other US trading partners but still more in line with the rest of the world.

Trump’s big concession to Xi is loaded with red flags​


 
Soy beans have many uses other than as human food:

  • Animal feed: Major ingredient in livestock feed.
  • Industrial uses: Soy oil in paints, plastics, and lubricants.
  • Cosmetic uses: Soy extract in skincare products.
  • Health supplements: Isoflavone capsules for hormonal health.
 
Trump made an extraordinary concession in his landmark deal with Chinese leader Xi Jinping Thursday: In exchange for promises that China will crack down on fentanyl, the United States will shave 10% off the tariffs it charges on Chinese goods.

On the surface, it’s a promising deal that could restore some of the trade that tariffs had stymied between the world’s two largest economies. The reduction will bring the minimum tariff on Chinese imports down to 20%, and the average tariff rate will fall to around 47%. That’s lofty compared to many other US trading partners but still more in line with the rest of the world.

Trump’s big concession to Xi is loaded with red flags​


He made a great del, per usual = good for both parties.

He used the excessive tariffs as a negotiating tool...it worked...again.

Dunce-o-crats can never figure that out...
 
Ignorance of how international commerce works.

Ignorance of how most things work, right?

Pres. Trump has been a successful worldwide entrepreneur for decades, and knows more about international than the entire demthug never-built-anything world put together.


Stupid people don't know they're stupid. I'm glad so many of them choose not to perpetuate their genes. Aren't you?
 
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