Another EZ-to-Win Trade War Victory for Comrade Trump
Hey guys, remember the soybean crop that is collateral damage in Comrade Tariff’s stupid trade war with China? You know, the crop that lost 98% market share? We might have mentioned the other day when it turned out Comrade Trump was stiffing the farmers of their bailout?
It seems that China is getting soybeans after all! You see, they are buying them from Brazil and Argentina, who are also major growers. But in a weird twist-o-fate, we are selling our soybeans on the cheap to Brazil and Argentina:
The big picture: With the reduced Chinese demand, the U.S. has begun exporting soybeans to Brazil and Argentina in larger volumes.
Those countries, which produce lots of soybeans themselves, have been using the imported soy for domestic products like oil and soymeal. In turn, they export their homegrown soybeans to China, said Farzad Taheripour, a professor of agricultural economics at Purdue University.
So in effect, we are selling our soybeans at a loss to the countries that are now selling their soybeans for a profit to China! So not only did our Stable Genius lose our soybean market, he created the market for Brazil and Argentina, and we are subsidizing it!
I’m so thankful for how Comrade Trump is making America Great Again.