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William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 19 hours ago

"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

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William Lindsey :toad:
@wdlindsy@toad.social replied  ·  activity timestamp 19 hours ago

"So let’s be clear. Trump gave away our semiconductor technology and weakened our national security so that China would agree to buy fewer soybeans than before. As I said in my video report, 'That’s literally the art of the worst deal imaginable.'”

#Trump #tariffs #China #TradeWar #soybeans
/2

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William Lindsey :toad:
@wdlindsy@toad.social replied  ·  activity timestamp 18 hours ago

"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

https://www.nytimes.com

The Art of Letting Trump Claim a Win, While Walking Away Stronger

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William Lindsey :toad:
@wdlindsy@toad.social replied  ·  activity timestamp 18 hours ago

"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."

#Trump #tariffs #China #TradeWar #soybeans
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