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Trade Deal: Miles Away?
Posted on 7/12/19 at 5:03 pm
Posted on 7/12/19 at 5:03 pm
Yahoo! Finance - China fails to buy agricultural goods as promised: Trump
This can’t be good for the prospects of a trade deal in the near-future.
What does the MT think?
This can’t be good for the prospects of a trade deal in the near-future.
What does the MT think?
4
Posted on 7/12/19 at 6:06 pm to TDFreak
Tariffs just got that much higher.
Posted on 7/12/19 at 9:14 pm to TDFreak
I think it gets done by EOY
Posted on 7/13/19 at 3:09 pm to thatguy777
They are waiting to see what happens in the election. I expect them to succumb after his re-election.
Posted on 7/13/19 at 3:17 pm to AaronDeTiger
I think it will get done before the election. Trump will want to campaign on that. Whether the terms of the deal will be that favorable for the us or not tba.
But my guess is as good as the guys down the street
But my guess is as good as the guys down the street
Posted on 7/13/19 at 3:35 pm to AaronDeTiger
China can’t hold out that long with current tariffs in place. Supply chains will move to a different country before the next election if they continue on for another 6 months
Posted on 7/14/19 at 9:04 pm to TDFreak
quote:
China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in 27 years, as the country's trade war with the U.S. took its toll.
CNBC article just out. China feeling the pressure?
Posted on 7/16/19 at 8:33 pm to thatguy777
Trump not so warm to China today.
Very far from a deal. The G20 was a head fake.
Very far from a deal. The G20 was a head fake.
Posted on 12/12/19 at 2:04 pm to TDFreak
quote:
I think it gets done by EOY
bump
Posted on 12/12/19 at 2:22 pm to thatguy777
Isn't this Part 1 and not the full deal?
Posted on 12/12/19 at 2:35 pm to TigerTatorTots
Correct...but something seems to be getting done, markets won't have that underlying worry for a bit.
M'fing soybeans baby
M'fing soybeans baby
Posted on 12/12/19 at 2:36 pm to Shepherd88
quote:idk about that. Strictly economically speaking, a deal would have been done already. But can't help and think there's a lot of pride getting in the way.
China can’t hold out that long with current tariffs in place. Supply chains will move to a different country before the next election if they continue on for another 6 months
Posted on 12/12/19 at 2:45 pm to castorinho
A very small amount of rice has been sold to China from the US. If this increases, watch out. China may be in a bind if that is happening.
This post was edited on 12/12/19 at 3:02 pm
Posted on 12/12/19 at 2:54 pm to jimbeam
Outside of the US farmers, is anyone else really THAT affected by this? The economy is up in general everything is more expensive especially labor. I can't think of anything that its having an effect on in my life. The farmers won't be planting soy beans this spring now unless something changes, so really they have been screwed over and that's over with. I know its not all sold, but still.
I just don't see why Trump would budge unless its for a good deal. At some point Trump can point to the fact that he's doing what's best for the US and playing tough.
I just don't think China is going to want to hold out another 15 months. Let's be honest, even a new administration elected next year isn't going to knock something out immediately. Its going to be a good year or more.
I just don't see why Trump would budge unless its for a good deal. At some point Trump can point to the fact that he's doing what's best for the US and playing tough.
I just don't think China is going to want to hold out another 15 months. Let's be honest, even a new administration elected next year isn't going to knock something out immediately. Its going to be a good year or more.
Posted on 12/12/19 at 3:02 pm to baldona
People who work with steel.
Posted on 12/12/19 at 3:48 pm to baldona
quote:I work in chemicals and we definitely have adjusted our investment plans because of this. Much less in the US, a bit less in China, more investment in third party countries.
Outside of the US farmers, is anyone else really THAT affected by this?
Overall, our sales have been impacted by the trade deal and has hurt our US production base substantially.
Posted on 12/12/19 at 4:01 pm to baldona
Regardless of how the tariffs shake out I’m seriously concerned about the ongoing health of the farm economy. If not for government payments I believe a large percentage of the community wouldn’t have cash flowed for the year, landowners are starting to struggle to find interested parties for marginal land, and input costs continue to squeeze.
We’re on the edge of a major correction and changing of the guard. All that’s needed is a little nudge.
We’re on the edge of a major correction and changing of the guard. All that’s needed is a little nudge.
Posted on 12/12/19 at 4:26 pm to Decisions
i hope so..
i've been waiting for american farmland to correct for the past 10-15 years.
no need to subsidize farmers.... this is america. not freaking yucky china
stop the commie programs and let the free markets be free.
i've been waiting for american farmland to correct for the past 10-15 years.
no need to subsidize farmers.... this is america. not freaking yucky china
stop the commie programs and let the free markets be free.
Posted on 12/12/19 at 4:51 pm to mrgreenpants
quote:
no need to subsidize farmers.... this is america. not freaking yucky china stop the commie programs and let the free markets be free.
As a general statement, I agree. Governments, however, tend to have a vested interest in keeping their people fat and happy enough to not push too hard for change. And the fattest nation in the world is.....
In all seriousness, land prices are only a piece of the puzzle. Crop insurance is being abused. Input costs are too high due to monopolies in the seed, equipment, and fertilizer sectors. Labor costs continue to creep while availability drops.
The simple fact is the U.S. can’t compete with other, cheaper countries in general commodity production. We need more margin to cover costs. How we respond to this is going to be different for every operation. Some will vertically integrated more value-added steps into the process. Others will expand horizontally to spread fixed costs.
Posted on 12/12/19 at 10:23 pm to Decisions
US yields are among the highest in the world. Countries with cheaper inputs aren’t getting the same production per acre. The consolidation into larger farms is healthy. Of course there are going to be losers, small scale dairy farms are all but dead at this point, and that’s unfortunate. But overall, the US agricultural economy is healthy imo. I work in the industry and that’s my personal feeling.
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