China, Rare earth and soybean farmer
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China, xi Jinping and Trump
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Reuters’ Ella Cao and Lewis Jackson reported that “China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.”
Trump might have won the deficit battle with China – the primary reason for the broad U.S. tariffs – but he is losing the war on the U.S. deficit with the world.
The White House is considering banning exports to China of all items that were made with or contain U.S.-made software in response to China’s announcement of rare earth export controls. According to Reuters,
Trump administration officials say new trade deals and aid could ease the strain, but many farmers are struggling to stay afloat.
China’s soybean imports hit a record high for the month of September, with the country bringing in 12.9 million MT of soybeans, according to a Bloomberg report. Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil,
China must strive for the "balanced development" of imports and exports, its commerce minister said Friday, a day after meetings on the country's future policy priorities concluded in Beijing.
Shares of U.S.-listed rare earth miners fell sharply on Monday as U.S. officials expect China to delay introducing export controls on critical minerals
President Trump's dealmaking is coming in handy as he inks rare earth mineral ventures with Japan and Australia with more likely in the pipeline.
2don MSN
Exclusive: Reliance races to get battery gear orders out of China ahead of export curbs, sources say
Indian billionaire Mukesh Ambani's Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforce its widening export control regime.