atans1

Xi swallows Trump’s sperm

In China, Commodities on 17/08/2018 at 4:59 am

OK, OK it’s Ownself pay Ownself’s Fees.

China imposed a 25% tariff on US soya beans as part of the trade war, and a ship carrying soya beans from the US failed to dock in time to beat the tariff imposition.

One for the Xi?

Well a few weeks later, with the ship still hanging round the Chinese coast, the Chinese customer, state-owned conglomerate Sinograin is paying the US$6m tariff bill so it can get the beans.

More ships are on the way from the US.

FT

One for the Trump.

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  1. Well it’s easy to win a trade war! LOL!

    Not forgetting that most of the soya bean & sorghum imports are used as livestock feed in China, which is going to end up as higher pork prices. Pork in China is similar to onions in India or cooking oil/kerosene in Indonesia.

    And it’s causing cracks to appear in Xi’s govt.

    Beijing has also told its officials & media outlets to tone down on the “China is great” proclamations.

    Looks like a significant portion of the State Council and/or Central Committee is overriding Xi and going back to Deng Xiaping’s “hide your strength, bide your time” strategy.

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