bhaugen
boosted
bhaugen
boosted
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
"When Xi Jinping walked out of his meeting with President Trump on Thursday, he projected the confidence of a powerful leader who could make Washington blink.
The outcome of the talks suggested that he succeeded."
~ Lily Kuo and David Pierson
#Trump #tariffs #China #TradeWar #soybeans
/3
https://www.nytimes.com/2025/10/30/world/asia/china-trump-xi-trade.html
"By flexing China’s near monopoly on rare earths and its purchasing power over U.S. soybeans, Mr. Xi won key concessions from Washington — a reduction in tariffs, a suspension of port fees on Chinese ships and the delay of U.S. export controls that would have barred more Chinese firms from access to American technology."
"When Xi Jinping walked out of his meeting with President Trump on Thursday, he projected the confidence of a powerful leader who could make Washington blink.
The outcome of the talks suggested that he succeeded."
~ Lily Kuo and David Pierson
#Trump #tariffs #China #TradeWar #soybeans
/3
https://www.nytimes.com/2025/10/30/world/asia/china-trump-xi-trade.html
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
bhaugen
boosted
#USpolitics #SoyBeans #TrumpSellingOut
Trump chainsaw wielding pall, has been running into trouble, and out of money. And Trump is bailing him out. Him not being to proud for a ‘socialist’ handout.
Afterwards his pall is selling Trump out and all it’s soybeans to #China.
Even if Trump realizes what’s happening his only answer will be more tariffs, so the American consumers will pay for it.
Trump is selling out even his most loyal supporters.
“A 90-Second crash course in Trump’s betrayal of American soy farmers” [ ± 1-3 min]
by Mother Jones
https://www.youtube.com/shorts/8Gm60R7kYYU
Quote by MJ:
“Oct 7, 2025
Tomorrow, Donald Trump is expected to announce a significant aid package for soy farmers hurt by his trade war with China, according to Treasury Secretary Scott Bessent.
China is the world’s largest soybean importer and typically buys about half of the US crop—last year, that came to $12.6 billion dollars. This summer, China has purchased zero dollars worth of soybeans from the United States and has no future orders planned.
Farmers are struggling. And worse, last week, Bessent announced that Trump was giving $20 billion in economic aid to bail out the far-right government of Argentina, a main US competitor in the soybean market. The influx of cash from Trump allowed Argentina to remove its own export taxes on soybeans, so China is getting an even better deal from them.
Trump’s aid package to farmers is expected to be in the billions of dollars. But to some farmers, that misses the point. “The American farmer, especially myself included—we don’t want any payments. We want to work,” said Indiana soybean and corn farmer Brian Warup to the Associated Press. “The worst thing we could ever want is a handout.”
#USriseUp #FascistsAreHere
#TimeToResist #FightOligarchy
#VoteUpAndDownTheBallot
#WorkersUnite #UnionStrong
#USpolitics #SoyBeans #TrumpSellingOut
Trump chainsaw wielding pall, has been running into trouble, and out of money. And Trump is bailing him out. Him not being to proud for a ‘socialist’ handout.
Afterwards his pall is selling Trump out and all it’s soybeans to #China.
Even if Trump realizes what’s happening his only answer will be more tariffs, so the American consumers will pay for it.
Trump is selling out even his most loyal supporters.
“A 90-Second crash course in Trump’s betrayal of American soy farmers” [ ± 1-3 min]
by Mother Jones
https://www.youtube.com/shorts/8Gm60R7kYYU
Quote by MJ:
“Oct 7, 2025
Tomorrow, Donald Trump is expected to announce a significant aid package for soy farmers hurt by his trade war with China, according to Treasury Secretary Scott Bessent.
China is the world’s largest soybean importer and typically buys about half of the US crop—last year, that came to $12.6 billion dollars. This summer, China has purchased zero dollars worth of soybeans from the United States and has no future orders planned.
Farmers are struggling. And worse, last week, Bessent announced that Trump was giving $20 billion in economic aid to bail out the far-right government of Argentina, a main US competitor in the soybean market. The influx of cash from Trump allowed Argentina to remove its own export taxes on soybeans, so China is getting an even better deal from them.
Trump’s aid package to farmers is expected to be in the billions of dollars. But to some farmers, that misses the point. “The American farmer, especially myself included—we don’t want any payments. We want to work,” said Indiana soybean and corn farmer Brian Warup to the Associated Press. “The worst thing we could ever want is a handout.”
#USriseUp #FascistsAreHere
#TimeToResist #FightOligarchy
#VoteUpAndDownTheBallot
#WorkersUnite #UnionStrong
"President Donald Trump's tariffs have decimated U.S. farmers' soybean market and there is 'no sign of Chinese buying.'
The fall harvest has started without any orders from China, the world's biggest buyer, according to a new report published on agriculture.com's Successful Farming."
~ Nicole Charky-Chami
#Trump #farmers #agriculture #economy #soybeans #bankruptcy #China #tariffs
India's drive to produce more ethanol is prompting its farmers to switch away from growing oilseeds, undermining government efforts in the world's largest buyer of cooking oils to reduce imports. https://www.japantimes.co.jp/business/2025/08/12/markets/india-ethanol-edible-oil-sufficiency/?utm_medium=Social&utm_source=mastodon #business #markets #india #oil #agriculture #ethanol #india #corn #rice #soybeans