Monday, December 24, 2018

Trade wars are good and easy to win

China for the first time since a trade war erupted with the U.S. reportedly imported no American soybeans in the month of November.

China instead bought more than 5 million tons of soybeans from Brazil last month alone, almost double the 2.76 million tons it purchased from the country a year ago, according to Reuters, which cited data from the General Administration of Customs.

Beijing imported only 67,000 tons of soybeans from the U.S. is October, down from the 4.7 million tons it imported in November 2017, the news service noted.

China, the world's largest soybean buyer, has been a longtime importer of soybeans from the U.S., the world's largest producer. The U.S. has consistently been China’s second-largest supplier of soybeans, with soybean trade between the two countries worth $12 billion last year.

  The Hill
...but hey, do what you want...you will anyway.

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