Stock market meltdown, government closure, coup d’etat at DoJ, announced exit from Syria, maybe-exit from Afghanistan, tanks on the Russia-Ukraine border, DPRK still developing nukes, and Mattis departs. But at least we’re winning the trade war, right?
So, despite the “truce”, soy prices have not recovered measurably. From FarmProgress.com:
China’s return, if it holds, could increase old crop export demand by 50 million or maybe even 100 million bushels. That’s better than nothing, but it doesn’t change potential for global soybean inventories to swell to record levels in coming months. Barring a sudden turn worse in South American weather, the amount of soybeans leftover at the end of the marketing year Aug. 31 will still be terrible, just not as terrible. If Brazilian beans don’t wind up in China they’ll wind up someplace else.
What’s Plan B?
“Stock market meltdown, government closure, coup d’etat at DoJ, announced exit from Syria, maybe-exit from Afghanistan, tanks on the Russia-Ukraine border, DPRK still developing nukes, and Mattis departs.”
Former defense secretaries who served both Democrats (Clinton and Obama) and Republicans (Bush41 and Bush43) are all noting how Trump has systematically undermined generations of US foreign policy. Make America Weak Again!
Don’t forget that it wasn’t all that many months ago that Trump seriously floated the idea of pulling troops out of South Korea.
Remember when Trump wanted his Nobel Prize as Kim Jong-un allegedly was going to denuke? Well there is a condition. North Korea insists we denuke before they denuke. Trump is the worst deal maker ever.
Trump keeps saying his stupid border wall will be made with “steel slats”. Guess what his stupid steel tariffs does to the cost to the taxpayer if we end up building this stupid steel slats wall?
https://www.cnbc.com/2018/12/21/-trump-tariffs-would-make-a-steel-slat-border-wall-much-more-costly.html