Yahoo Finance republished an article from Bloomberg (Reach 513K) stating that the U.S.-China relationship has never been stronger. Through the trade war and open hostilities at the highest political levels, pig farmers in China and crop farmers in the U.S. have become increasingly interdependent. Already America’s biggest customer of soybeans and sorghum, for this season China bought an unprecedented 11.2 million metric tons of corn, up nearly 1,300% compared with pre-trade-war purchases. Senior Research Fellow Joseph Glauber said, “Despite the jumps in purchases, the scars of the trade war remain. Tariffs are still in place, a challenge the Biden administration will eventually have to deal with. The new president will also have to tackle issues such as intellectual property and business practices, which remain on the table. The bigger issues have been outside of agriculture, and I think those are going to be the tough ones.” (Reach 54M). Republished in MSN, Supply Chain Brain, Advisor Perspectives, Ajot, The Farmer, Dairy Trade and dozens of other major global and U.S. outlets.
What trade war? Trump heartland sees record farm sales to China (Yahoo Finance – New Zealand)
December 10, 2020