China trade deal

[malleefarmer]

Not knocking trump just some analysis I subscribe to

Been a nil all draw in my opinion probably benifeted South American farmers in short term.

[jazz]

Not knocking trump just some analysis I subscribe to

]

More of a truce than a trade deal. Just a reprieve until after US elections then you will see US decouple fully from china.

Trump already shaved the trade deficit by 150b and no recession happened. Another $150b should be easy in 2nd term.

We will see how many consumers the Chinese finds in places where they built their belt and road. Like Afghanistan and Pakistan.

[malleefarmer]

Not having a go at you jazz and I’m a trump supporter to a degree his good outweighs his bad and way way better than alternative fo USA and the world my opinion only.

But no one can ever decouple from China the old saying “China sneezes world gets pneumonia” add India in that now

Just the way it is

[dmlfarmer]

Jazz, please provide the source of Trump cutting the trade deficit by 150 billion.

All credible sources I find say the trade deficit has increased under Trump. For example: https://www.fxstreet.com/analysis/how-trump-tariff-wars-worsen-us-trade-deficit-201910311352 https://www.fxstreet.com/analysis/how-trump-tariff-wars-worsen-us-trade-deficit-201910311352

[jazz]

Jazz, please provide the source of Trump cutting the trade deficit by 150 billion.

Chinese trade deficits. Tarrifs shaved it by more than $60B in 2019 leading to the trade deal of $200B in US reciprocal purchases over next 2 yrs. He shaved it by more than $150B. Tarrifs stay on for another 9 months so its conceivable it could fall again. Even if the trade deal falls through, with that rate from tarrifs china US trade deficit will be half what it is today by the end of trumps 2nd term.

Mallee, Oz might be beholden to China and India due to geography but NA especially the US is not. Only 8% of the US economy is export driven and half of that comes from Mexico and Canada. 18% of chinas GDP is export dependent to the US. US will be able to pull the pin on most of its dealings with china in a few yrs and not even skip a beat.

chinas a paper tiger and its about to be exposed.

[malleefarmer]

im no expert and not qualified to comment in reality but visit mostly montana sd and nd farmers and keep in constant contact.

one of them when i was there in 2017 said china is bean farmers umbilical cord.

not gonna brawl with ya mate agriville is becomeing user freindly of late.

[errolanderson]

im no expert and not qualified to comment in reality but visit mostly montana sd and nd farmers and keep in constant contact.

one of them when i was there in 2017 said china is bean farmers umbilical cord.

not gonna brawl with ya mate agriville is becomeing user freindly of late.

mallee, this trade deal is only good for the ‘spin doctors’ (IMO). Will anyone feel an impact of this ‘win’, likely not . . . but Brazil is smiling.

[SASKFARMER]

Errol why can’t anything the USA do impress you but in canada we have skippy screwing Canadian farmers and that’s quite fine o comment it’s all USA. This deal is better than what we have. Zero sales and zero help for farmers. BoBoo is studying the situation. A years gone by and still nothing.

[TASFarms]

Errol why can’t anything the USA do impress you but in canada we have skippy screwing Canadian farmers and that’s quite fine o comment it’s all USA. This deal is better than what we have. Zero sales and zero help for farmers. BoBoo is studying the situation. A years gone by and still nothing.

The least the govt could do is put out a mfp on canola seeIng how they stomped on the price to farmers.

[jazz]

mallee, this trade deal is only good for the ‘spin doctors’ (IMO). Will anyone feel an impact of this ‘win’, likely not . . . but Brazil is smiling.

Errol, with respect, chinas debt is more than $40 trillion. Double what the US is and they have 1/8th per capita income. Their GDP is going all into shadow lending system and subsidized industrial output like entire cities with nobody living in them. Plus peer to peer deals that would make you tremble in your boots, an aging demographic and no consumer base combined with an authoritarian govt.

Their signature belt and road initiative goes to consumer hotbeds like Afghanistan and trying to secure deals with an aging Europe.

How on earth do you come up with any evidence that they will outshine the US?