Drudge Retort: The Other Side of the News
Sunday, August 12, 2018

A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American", but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere. Beijing's retaliatory tariffs on US pork and beef are making them prohibitively expensive and Chinese importers are simply turning to other sources, a trend expected in other sectors as well. China has already ceased importing cuts of US pork meat.

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Allah this moron is the most fraked up President ever.....
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Trade experts say some of the most valuable US exports to China such as Boeing aircraft and American-made cars are threatened as China can instead import Airbus jets or autos from Europe and Japan. Even US soybeans, seen as a key American leverage point due to the massive quantities China imports, might not be irreplaceable.

The head of Chinese state grain trading giant Cofco said it was looking at increasing imports of soybeans from Brazil, and other grains from places such as Ukraine and Russia. Shanghai Xinshangshi International Trade Co, a major formerly state-owned Chinese food importer, brought in $40 million worth of US beef and pork in 2017 and had planned to raise that to $100 million this year.

But due to the trade war, its general manager Xu Wei is turning to Europe, Australia and South America instead. "The gap will be filled very soon," Xu said. "So for the trade war, if we Chinese importers still want to maintain our trade volumes, it would hurt the US suppliers and exporters the most."

#1 | Posted by J_Tremain at 2018-08-12 08:22 AM | Reply

Meanwhile thank goodness for REAL music....

#2 | Posted by J_Tremain at 2018-08-12 11:45 AM | Reply

#1 - " ..... it would hurt the US suppliers and exporters the most."

Which is precisely why Putin told Trump to do it and duped Trump fell for it, trying to be the tough guy.

MAGA

#3 | Posted by getoffmedz at 2018-08-12 01:30 PM | Reply

#3

LOL, Russia is only able to export a total of 100,000 tons of all types of meat per year, most of that poultry (we do that just in Beef in less than one month). The countries that will benefit from China tariffs are Australia, Chile/Argentina and Canada, not Russia. Maybe they all colluded with Trump on the election so that they can increase their exports!

The biggest hurt will be on US pork producers (China's beef imports are negligible compared to the 1M tons the US exports each year) but so far South Korea, Taiwan and the rest of SE Asia have been snapping up the slack.

#4 | Posted by Rightocenter at 2018-08-12 01:58 PM | Reply

A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American"

It is???

According to whom?

#5 | Posted by snoofy at 2018-08-12 02:38 PM | Reply

This is where wing dings explain why the government picking winners (steel producers) and losers (pork producers) is a good thing.

If this is all just a ploy to eliminate tariffs, those protected steel workers are in for a nasty shock.

#6 | Posted by bored at 2018-08-12 02:38 PM | Reply

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Drudge Retort