US trade war with China
So many fake news no one knows which is true now. Rolling on the flor laughing
9-8-2018 7:16 PM
alpha said:
Since Trump's meeting with Juncker, EU have increased their soybean purchases from US farmers by 283% from last year and will continue to increase even higher.

Despite the 283% increase, US is only supply 37% of EU's soya beans, there is still plenty of room for EU to increase their soybean purchases from US.

EU have also greatly increased soymeal purchases from US farmers by over 3300% compared to last year. But even with the huge increase, US still only supply 13% of EU's soymeals, there is plenty of room for EU to increase their soymeal purchases from US.

EU's imports of US soya beans almost triple 2017 levels

01 Aug 2018

The European Commission published the latest figures on EU imports of soya beans on Wednesday, showing an increase of 283% in imports from the US.

The surge in EU imports of soya beans from the US brings the total share of EU imports of US soya beans to 37%. This is up from 9% one year ago.

President Juncker has now put in place a bi-monthly reporting mechanism on the evolution of trade in soya beans from the US to the EU. This is the first concrete follow-up to the EU-US joint statement agreed in Washington between Commission President Juncker and U.S. President Trump.

"The European Union can import more soya beans from the US and this is happening as we speak," President Juncker said today.

Commissioner for Agriculture, Phil Hogan, added: "European Union and the United States have been long standing partners and there is room to further strengthen that trade relationship.”

In their joint statement of July 25, president Juncker and president Trump agreed that while future cooperation on trade will not include agriculture as such, the EU and US would work to increase trade in soya beans.

Increasing imports

Compared to July 2017, EU imports of soya beans from the US are currently up by 283%, at 360,000t.

In terms of the EU's total imports of soya beans, the US's share is now at 37%, compared to 9% in July 2017.

Imports of soya meal, are also on the rise – 185,000t were imported in July 2018, an increase of 3,337% compared with July 2017.

The U.S. is now supplying 13% of EU soya meal imports compared to 0.3% in July 2017.
Thats still not enough even if purchase only from US.

According to the UBS study, 71% of US businesses want more tariffs imposed on China, and 92% says that China engages in unfair trade practices.

Perishable products are a bit difficult to change countries. Country of origin.
US is negotiating trade agreements with Mexico, Japan, EU and Canada this month.

China Communist Party's current attitude towards US in the trade war...

What China Communist Party is telling their Chinese citizens through state media about the trade war...

You fake gongfu boy got more and more retarded by all the rubbish video you are high on. lol

How many Falun wheels keep rotating inside your pea brain? Laughing
10-8-2018 5:53 PM
hillview said:
You fake gongfu boy got more and more retarded by all the rubbish video you are high on. lol

How many Falun wheels keep rotating inside your pea brain? Laughing

It's confirm, you are definitely a clone, several nicks have use this same insults.

Why China’s pulled a U-turn on taxing US oil

10 Aug 2018

As a trade war between the world’s two predominant economies continues unabated, China has just changed its mind about exactly which American products it wants to hit with counter-tariffs.

In announcing its latest list of US goods to be hit with steep new import tariffs, effective August 23, China quietly removed crude oil and replaced it with a variety of other products,including scrap metals.

Crude was on China’s original hit list, published in June, as a countermeasure against Washington’s threat to impose 25% tariffs on $50 billion worth of Chinese products sold to Americans.

The change of heart underscores China’s increasing reliance on American oil, which has shaken up the global oil market with output hitting record highs this year.

China imported $3.2 billion of crude oil from the US last year, making it the top buyer of US oil exports. Although this only accounted for 2% of what China bought globally, sales volume has grown from virtually zero before 2016.

But putting tariffs on US exports, such as oil, could be bad news for China, and “will likely hurt their economy disproportionately,” Kenneth Medlock, an energy expert with Rice University, told Reuters.

“US exports will find a home regardless of how the global supply deck is reshuffled,” he said.

China’s limited domestic oil production meets less than one third of its energy demands, which means that finding a reliable and diversified oil supply is critical for China’s energy security.

Before the trade war broke out, the US was a part of that puzzle.

US oil production has surged since Washington lifted a 40-year ban on crude exports in 2015. It is expected to surpass Saudi Arabia and Russia as the world’s leading producer by next year, according to the US Energy Information Administration.

In June, China received a record high of 14.7 million barrels of crude oil from the US, more than three times the amount it bought the year before.
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