Trump’s double talk - Soya beans turning into waste

Earlier I wrote about the Australia iron ore and other raw material that have turned into rubbish, unwanted waste, when they could not find any buyer. Yes, any product that has no buyer will become waste, as good as worthless. And this is exactly what is happening to many of American’s crops, particularly soya beans and other seed products. Even their poultry products, sea food, like pork and lobsters, have become worthless to a certain extent as China is not buying. China is buying from Canada and elsewhere.
 
The agriculture and dairy farmers have been boosting their production to meet the growing demands of such products and growing rich happily until Trump’s reckless trade war with China. China’s purchase of these products has dropped by as much as 90%. The American farmers are desperate and trying to channel their goods to other countries but there are just not enough buyers that could buy at the same volume as China. China imports 60% of American soya beans.
 
The result of this trade war is that all the agricultural products are now turning into waste. The farmers stored as many as they could. The warehousing business has boomed. All the warehouses are full and they are furiously building more warehouses to cater for the demand, including cold stores for the meat and dairy products. But the volume laying in waiting is just too voluminous for the industry.
 
What could the farmers do but to let their crops rot literally in the fields. There is no meaning to harvest them as they have no place to store them and no buyers to take them away. The farmers are having a holiday, not tending to their farms. The livestock too are having a holiday, with extended life, thanks to Trump.
 
On the other side of the equation China is turning to other suppliers for their needs. Russia is offering China thousands of acres of land to plant soya beans. Other farmers around the world are doing roaring business with China. When the new suppliers and supply chains are established and met the needs of China, China would cease to depend on American farmers for good. The American farmers can have a long, long holiday, and maybe have to switch profession. Their products in the warehouses would be just be waste products with no buyer. And they would have to pay for their storage until they give up. And they would have to pay for removing and burning them away as dirt. China has also stopped importing American oil and LNG.
The American farmers have Donald Trump and his hawkish advisors to thank for their bad advice and bad policies. This is the beginning of the decline of the American Empire when bad and stupid men and women turned up in the White House and take charge.
 
Now there is a truce in Buenos Aires after the G20 Meeting. Trump declared victory. The Chinese are going to buy a lot of produce from America. What cock is Trump shouting? China wants to buy a lot from the US, and has been buying US poultry and farm produces all the while. 60% of American soya beans would to go China if not because of Trump’s silly trade war. Now Trump is happy, China is buying again…but never the same volume as China would have committed to buy from other sources.
 
China would not only want to buy again and buy more. But what is there to buy from the US other than farm produce and Boeings? China has everything and producing everything cheaper than the US? The only few things China wants to buy, and with a lot or American dollars, are high tech products, land, properties, but the Americans refused to sell hiding behind national security concerns. How much soya beans and meat can China buy to offset the trade imbalance? China has no use of the hoards of American dollars if it cannot use them to buy American products.
 
So, who is the idiot that caused the trade imbalance and what has the truce achieved in Buenos Aires? Nothing but going back to square one at most. This is quite like the Korean truce with a stalemate at the 38 parallel with the Americans claiming victory after being defeated by the PLA volunteers and chased all the way from the Yalu River to the 38 parallel. So this truce is another American victory because China continues to buy soya beans and American produce when China was buying all the while? What would happen is that China would no longer buy the same amount, but lesser as China has already bought what it needed and also developed new suppliers and supply chains.
 
Who is the loser and claiming victory? Many farmers would continue to go bankrupt as a result.