China Exports “Unexpectedly” Fall in August…

The South China Morning Post has an interesting article highlighting that July’s export results from China were likely skewed as U.S. companies proactively made purchases to take advantage of Beijing’s currency devaluation in combination with filling inventory ahead of the U.S. holiday needs.

Additionally, August export results from China show an actual drop in exports, falling 16 percent year-over-year from decreased U.S. orders:

SCMP – China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy.

Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs.

July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of Chinese goods that took effect on September 1. American buyers of Chinese goods subject to the new tariffs were likely to have filled their inventories as much as possible before the goods became more expensive to import.

Furthermore, the much-reported 3.8 per cent depreciation of the yuan in August failed to stop the decline in exports – despite Washington’s fears that it was being used to give China’s exporters an unfair advantage. (read more)

From CNBC:

[…] Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.

Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.

“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.

Exports to Europe, South Korea, Australia, and Southeast Asia also worsened on an annual basis, compared with July, while shipments to Japan and Taiwan posted slightly better growth than the previous month.

Sunday’s data also showed China’s imports shrank for the fourth consecutive month since April. Imports dropped 5.6% on-year in August, slightly less than an expected 6.0% fall and unchanged from July’s 5.6% decline. (read more)

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This entry was posted in Big Government, China, Decepticons, Donald Trump, Economy, European Union, Hong Kong, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

103 Responses to China Exports “Unexpectedly” Fall in August…

  1. KingBroly says:

    At what point does China stop supporting some of their “investments?” I.E. Maduro, Pakistan, Opioids, etc.?

    Liked by 4 people

    • The Boss says:

      You omitted the Chinese investment in the Uniparty. When they exit that position, we’ll know they’re serious about reform. Until then, don’t get complacent with your 401Ks folks!

      Liked by 6 people

      • KingBroly says:

        I feel like they won’t let those go so easily, or if they do, it won’t matter because of who else invests in them. That’s why I omit them.

        Liked by 1 person

        • Bill Durham says:

          I predicted the ” Chinese President for life” would be gone before Donald j Trump. The Chinese oligarchs and Communist party maybe fed up with the president xi era. Everything he has done has backfired. Donald j Trump is responsible for a mass Exodus of Chinese wealth. Trump is going to continue to stall on a trade deal. His master plan was to destroy their supply chain. Trump never wanted a deal. It’s all bs to placate the stock market. If Trump is re elected xi will be finished with a huge portion of Chinese manufacturing gone for good.

          Liked by 5 people

      • CountryDoc says:

        Can you be more specific about the 401Ks, please. What is most judicious to do with investments if we assume MAGA is successful?

        Like

        • dbobway says:

          2 things about 401k’s.
          Most 401k’s are out of mainstreet companies.
          Who are doing very well right now.
          If those companies don’t offer a good matching %, to what you put in?
          There are better safer, ways to invest for retirement, than a 401k.
          Did I research that? No, I personally experienced that.

          Like

    • matthewpmusson says:

      China will hang on until the election. They are literally going hungry trying to turn farmers against Trump. Who knows what else they can do if they pay Google a billion or so?

      Like

      • Michael Todaro says:

        Trump will be in office for at least 16 more months. China will freefall long before that if they don’t get wise to the crapola coming out of CNN et al. As far as the election is concerned, current circumstances are eerily similar to those of 1972.
        Make it happen. VOTE !

        Like

        • SwampRatTerrier says:

          Yes, the Hungry Chinese Deplorables will literally EAT their Communist Party slave masters before November, 2020 imo……..

          Like

  2. NvMtnOldMan says:

    Chinese orders for German industrial goods drop. Gee whiz, didn’t Merkel just meet with them? Looks like China, Russia, and the EU are hurting. Sorry globalists but the gravy train ride is over. That also means the bribe money to the congress critters is also slowing.

    Liked by 16 people

    • cantcforest says:

      Thank you. I sometimes think I’m the only one seeing this.

      Liked by 5 people

    • SHV says:

      “Chinese orders for German industrial goods drop.”
      *****
      It’s a two-fer for PDJT…China 20% of GDP is exports….Germany 46%. Germany’s #1 exports are auto and auto parts and China is #1 importer. The China imports of Merc., BMW, Porsche, etc., down 35%. OOPS!

      Liked by 8 people

      • fractionalexponent says:

        With declining Chinese purchases, Germany will be short of cash money to buy Russian heating oil this winter, and the Russians won’t want to be paid in declining Euros. Maybe Germany will have to barter cars/trucks to Russia to pay for heating oil?

        Liked by 1 person

        • Doug Amos says:

          Doesn’t Germany just use wind and solar?

          Like

          • neal s says:

            In case anyone isn’t actually aware, although Germany would like to use wind and solar, it turns out it isn’t really doing that good a job for them. Since wind and solar are potentially intermittent, it is necessary to either have backup batteries (which are ridiculously expensive) or more conventional power generation on line at the same time that you are trying to use the wind and solar. So all that the wind and solar might get you (if you are lucky) is a small reduction in fuel costs for that conventional backup power.

            For those who want to learn more I recommend the book “Blowing Smoke: Essays on Energy and Climate” by Rud Istvan.

            Liked by 1 person

            • SwampRatTerrier says:

              Bet the manufacture and maintenance of those solar and wind farms consume much much more energy than they produce.

              Oh the produce lots of ill-gotten LOOT for the Globalists, but not production of energy!

              Like

        • Henry chance says:

          So after Octoberfest when the warm feeling from beer drinking is over, they can wear imported Fur Military Cossack Ushanka hats.

          Liked by 1 person

    • boogywstew says:

      I’m missing why folks consider Russia ‘”globalist”? The Russian Orthodox Church is favored by Vladimir Putin.

      Liked by 7 people

    • annieoakley says:

      So glad our legislative branch is being pinched, Now can we pinch the Judicial? Money seems to get their attention.

      Liked by 2 people

    • Dutchman says:

      Actually, Russia is not globalist, they are Nationalist. The stupid muh Russia crap has them stuck in the WRONG camp!

      Liked by 4 people

    • Oldie…BUT Goodie…What I have been saying all along. Once the Chinese start hurting then the pain is increased…EXPONENTIALLY!!! This is what some people don’t realize. PDJT brings the pain but it is done in steps and Xi starts “seeing” it but by that time it is too late!!!…

      The congcritters are tryin’ to fight back (Lee/Romney) and it will do them no good because PDJT WANTS them exposed…Once exposed the genie can’t be put back into the bottle and the other critters either fall in line are go by the wayside. Outing critters are the hallmark of PDJT…Once the light hits the critter from a direction then the self-protecting mode takes over. Romney’s dealings with Bain Capital is on the line and his a$$ is about to be fried!!! Say “Good Nite” Gracie!!!

      Liked by 3 people

    • Thinker says:

      In my opinion, that is why you are seeing more Congressmen retiring than usual. The gravy train is pulling into the station and it is not as full of bribes (oops, I meant lobbying money) as it used to be. Hard to live in DC on $170,000 per year.

      Like

      • SwampRatTerrier says:

        BRIBES is the accurate word.

        Thank goodness President Trump’s actions also ends the Lobbyist Gravy Train that the retiring Kongress Kritters thought they’d join.

        Like

  3. Normally Quiet Observer says:

    It is getting so bad that pretty soon China is going to HAVE TO start laying off Congressmen and Senators, and maybe even firing some lobbyists!

    Liked by 46 people

  4. TeaForAll says:

    China will never negotiate and President Trump means Business. Who do you think will win in the End……….My bet is on Our President. The Art Of The Deal.

    Liked by 10 people

    • Homer says:

      China IS negotiating, and will continue to do so. That’s their culture; Before the ink is dry on a deal, it’s time to start renegotiating it. They don’t keep their word; they always look for ways to reinterpret the original deal.

      Some folks in the USA think of that style of negotiation as “bad faith,” but it’s a part of Chinese culture. When you’re one in a million and there’s another thousand just like you in your country, you’ve got to be a good negotiator. That’s real life in China.

      DJT is good; he’s really good at negotiating. The Chinese are accustomed to having their way with American politicians because negotiating isn’t embedded in American culture like it is in the Chinese culture. DJT has them temporarily flummoxed. I suspect they’ll start a shooting war in their corner of the globe if they feel there’s no face-saving way to triumph over Trump. If they’re misled by globalists to consider this, they should think again about how well they did on trade…

      I love that they cannot trump Trump! I feel that ought to be his campaign slogan.

      Liked by 1 person

  5. SHV says:

    A repost from below:

    And the CCP’s rationalization of a very bad economic trend:

    “China’s trade with US shrinks, undercuts Washington’s leverage amid trade war”
    **
    “Chinese experts warned that if the US persists with its trade bullying, further countermeasures from China will be necessary, which will escalate the current impact on US producers, especially agricultural producers.

    The dramatic fall in China’s imports from the US, especially agricultural products like soybeans and pork, which only account for a limited proportion of China’s total consumption volume, has been a body blow for US farmers.

    Amid US President Donald Trump’s tariffs, US farm bankruptcies and even suicides among farmers have risen, US media reports said.”

    http://www.globaltimes.cn/content/1164001.shtml
    ****
    If they actually believe that shrinking US trade helps China, then I have a Bridge in the Gobi Desert for sale.

    Liked by 1 person

    • annieoakley says:

      “Amid US President Donald Trump’s tariffs, US farm bankruptcies and even suicides among farmers have risen,” US media reports. China killed all of their farms and ‘farmers’ many years ago. Similar to the soviets killing their farms and farmers in the Ukraine

      Liked by 2 people

      • cthulhu says:

        Many people think “pre-WWII genocide” and think Holocaust (’38-’45 — six million?); few will also include the Holodomor (’32-’33 — 10 million?).

        Like it matters, it’s recognized as genocide by Ukraine, Canada, Mexico, Australia, and other countries…..but not the US.

        Liked by 3 people

      • yucki says:

        Suicides.
        Maybe it’s an oblique way of gloating over fentanyl poisoning.
        Murderous swine.

        Liked by 1 person

    • cthulhu says:

      “US leverage shrinks in forthcoming trade deal as Chinese peasants barred from factories stick to land, starve in place.”

      Liked by 1 person

    • Remington says:

      Oh no…say it ain’t so. Now OR has went and done it. I’m sure they will discontinue shipments of poison dog food and dry wall.

      This could be the end, my friend.

      Liked by 1 person

  6. bertdilbert says:

    As long as uncertainty continues, exports will suffer due to companies moving suppliers to secondary countries. Once they are satisfied with new production from a different country, they may pull 100% out of China.

    So China may see continued outflow of business.

    Liked by 3 people

  7. rashomon says:

    I am making a list and checking it twice for all gifts, company and personal puchases: Made in America rules. And I have no compunction about letting former providers know why. Craft it here or bye-bye-bye.

    Hey, we can do this. MAGA! It’s an ongoing process not yet achieved for all. Let’s keep MAGA!

    Liked by 12 people

  8. dufrst says:

    The drop in imports from China is significant and places pressure on Trump to get more trade deals done with other countries to make up that loss. USMCA is one of those deals that need to get over the finish line in order to make up for the drop of Chinese imports. In the pipeline is US-Japan, KORUS, and if BREXIT can happen, US-UK.

    The tariffs are biting. The logical thing is for China to make a deal, but the type of deal they are willing to make is not the deal Trump is willing make. Trump wants a great deal and I think he probably knows that deal can’t be made before the next election. Still, if a deal is made, the stock market in the US would skyrocket and his reelection would be all but assured. Tough decisions in the next month or so for Trump, but that’s why we hired him.

    There is a possibility for the unexpected and China makes the deal Trump wants because of the pain they are feeling from the current tariffs and what they sense they will feel with the next round of tariffs. Tariffs give Trump more negotiating leverage. The higher they go, the higher the cost China must pay to get them removed. This is excellent positioning and the use of leverage by Trump. The optimal time for them to make a deal is now.

    With that said, it would be whole lot easier to put the ultimate squeeze on China necessary for a great deal, if the other trade deals were approved. Elections have consequences and the GOP losing the House in 2018 has made this trade dance with China more difficult for Trump’s reelection than it had to be.

    Liked by 5 people

    • RE: “The drop in imports from China is significant and places pressure on Trump to get more trade deals done with other countries to make up that loss.”

      • Less Imports from China is a GAIN in GDP for the USA.
      … Imports are a subtraction.
      … Some gains will be permanent (shifting to Made-in-USA).
      … Some gains will be temporary (shifting in 6-12-24 months to Imports-from-Others).

      • More Tariffs on Imports from China are a BONUS-GAIN in GDP for the USA.

      • USA Importers have likely Forward-Bought many months of Inventory from China.
      … During the months when they are consumed, we get a GAIN in GDP for the USA.

      Liked by 7 people

      • dufrst says:

        Remember Chinese imports represent US exports, which is a positive for US GDP. Those imports must be replaced with other trade deals in which the US is negotiating increased imports from the other nations.

        Liked by 1 person

        • My reference was to your mention of “imports FROM China”, which are a subtraction from USA GDP.

          Like

          • dufrst says:

            I did say Chinese imports but i can see how you could mistake that as US imports from China when I said “imports from China.” I’ll be clearer but the context is that Chinese imports dropping is something that does affect the US and the longer we wait to implement other trade deals, the more that decline will begin to bite us.

            Like

        • Perhaps you meant to say “The drop in EXPORTS TO China …”?

          Liked by 2 people

          • Dutchman says:

            Uh, guys!
            Didn’t PDJT just make a deal with Japan, to buy like a couple Billion $ of our Ag products? That should upset some applecarts.
            I still don’t see any ‘Deal’with ‘China’, so long as CCP is in control. HOW can youbPOSSIBLY make a ‘Deal’with people who won’t live up to their commitments, AND who can NOT possibly agree to your reasonable terms, cause to do so would lead to destroying their system of Government?

            No deal with CCP, no deal with EU (details different, but same underlieing reason) and USMCA has served its purpose, (killing NAFTA) and now Nancy can take the blame for killing USMCA.

            “Know when to walk away, and know when to run. As another commentrr posted above, the kibuki theater of appearing to negotiate with China was a show, to calm the markets, and to make the decoupling gradual.
            No Deals.

            Liked by 4 people

        • Cetera says:

          Not really. In the GDP formula, you subtract imports from exports. Since we have a huge trade deficit with China, ceasing all trade with them (imports and exports) actually boosts our GDP by the total amount of the trade deficit ($500 billion).

          That is an immediate economic growth of 2.5% for the year, if you were to just cease all trade.

          Would certain export companies feel a pinch? Yeah, of course. But the economy as a whole would do a lot better.

          Like

          • dufrst says:

            I don’t how it’s been interpreted that I want trade with China. But you can’t give up trade with China without replacing their market and not feel the effects. I have consistently said that the US should look to India, Brazil and Indonesia (ASEAN) as alternatives to China. I’m even for giving those nations advantageous trade terms so long as trade is balanced with USMCA, KORUS, US-Japan, and US-UK.

            With all that being said, if China does make a deal with the US to Trump’s liking, then it will only enhance our economic position, since we can still pursue new trading terms with all of the alternative nations I mentioned.

            Like

            • Cetera says:

              Of course. I’m just stating that the effects, were we to completely end ALL trade with China, would be an instant 2.5+% boost to GDP.

              https://www.investopedia.com/terms/g/gdp.asp
              GDP = C + G + I + (X-M)

              With a trade deficit of more than $500B/year with China, the net increase is huge. It is simply a no-brainer.

              Having a trade deficit with anyone is BAD for the economy. Replacing China with India doesn’t help our economy. Having a zero trade deficit increases our economy each year by the value of the former trade deficit. It doesn’t matter whether you eliminate the deficit by having reciprocated, balanced trade, or if you eliminate the trade deficit by just ceasing all trade. The effect is exactly the same for the overall economy.

              Like

              • dufrst says:

                Too simplistic because China as a supplier to US firms would affect their bottom lines if you simply got rid of all trade with China
                (affecting the I component). The C component of GDP would be affected as well, if you didn’t replace Chinese trade.

                The GDP formula is not static but interrelated. All the components affect the others by some measure. Good example is government spending, which relies on the other elements to create the tax base to spend. So, on an absolute basis, you end China trade, you gain $500 billion. But the reality is that you will lose growth in C and I (and ultimately G), if that trade is not replaced somewhere else.

                Like

                • Cetera says:

                  That’s just not the way the GDP formula works. You may have a case for arguing that GDP is not a meaningful measurement, but until that case is made you don’t have a leg to stand on. This is how economists define GDP, period. The math is simple, straightforward, and doesn’t lie.

                  Also, just because the GDP goes up and the overall economic situation for the country improves doesn’t mean individuals or specific companies/sectors won’t have negative outcomes.

                  Regarding the C portion of GDP, you’re wrong there too. C is consumption. If the total spending on consumption is the same, it doesn’t matter what the relative number of goods purchased is. If you spend 1 trillion dollars and get 1 cool doohicky instead of spending 1 trillion dollars on 100 million kickknacks, C is the same.

                  The end result is always the same. Trade deficits are murder on your GDP, and it isn’t open for debate. There is no wiggle room. It simply is. It is baked into the definition.

                  Like

  9. Fools Gold says:

    Trump didn’t enter this war to loose. After 2020 elections y’all might get tired of winning, said no one but himself!!!

    Liked by 2 people

  10. Graham Pink says:

    Wouldn’t be a bit surprised if Beijing “accidentally” nukes Washington DC.
    Like I said earlier, world trade is where the fun is.

    Like

    • CountryDoc says:

      Chemotherapy can be attached to antibodies that recognize and attack only cancer cells. Can we do the same with liberals, uniparty, globalists, traitors?

      Like

  11. iRocky says:

    China will continue to purchase US politicians.

    Liked by 1 person

    • Pa Hermit says:

      That money is drying up. Why do you think there’s so many pols against him? No way in Hades that their constituents are being represented there! The wallets and purses are shrinking!

      Like

  12. ezgoer says:

    U.S. exports to Mexico/Canada is 5x the amount we export to China. Pass the USMCA. We don’t need China.

    Liked by 1 person

  13. chojun says:

    A report where Chinese exports are falling is like a report about water flowing uphill. Truly an unprecedented event.

    Liked by 2 people

  14. Shyster says:

    No doubt Pelosi will be dragging her feet as long as possible on the USMCA to make the country suffer for as long as possible in order to cause further uncertainty and outright pain to our export industries so as to harm POTUS and his chances for re-election. It’s been said that USMCA if passed could add up to a full point to GDP. Any ideas on what pressures, apart from the replacement of Justin from Canada, POTUS has in his arsenal to get the house to bring USMCA to the floor and get it passed? Passing USMCA will get the Chinese to engage in substantive negotiations before the election and if not, allow POTUS to go mid evil on China with increased tariffs.

    Liked by 4 people

    • 🤔 How about concentrating the next 25% Tariff Round on Globalist and Chinese Stocks that Congressional D-rats have invested in … particularly Fancy Nancy?

      Liked by 9 people

    • stripmallgrackle says:

      Congressional campaigns will be getting generous contributions from Wall Street in 2020. Pelosi has done nothing constructive since taking back the gavel. The DNC is campaigning to nobody but their own base, hoping for a massive turnout next year. Cooperating with President Trump in any way wouldn’t help to rally the rank and vile. Not an option for Pelosi.

      Maybe Trump has something up his sleeve, but I don’t see him getting a trade deal past Madam Spiker.

      Like

    • Dutchman says:

      Firstly, you assume PDJT WANTS USMCA to pass, which I am not sure of.
      But, even if he does, he would be best using a light touch, at least publically, in pushing Nancy for passage.

      The AOC wing does NOT want to see “Trump” given any victories. So the more he comes out publically urging Nancy to pass, the greater the resistance she faces.

      Ain’t NOTHING that will motivate China to engage in substantive negotiations, whether USMCA passes or not, before the election.

      Like

    • Homer says:

      Can we just sell Peloser & Feinstein to China? Oh, wait – they already bought both of them.

      Liked by 1 person

  15. GB Bari says:

    The cool part about all of this is that we can understand what is going on – dynamically – because Sundance has explained this in fairly detailed articles for the past several years.

    China’s central bank is draining its coffers to subsidize its industries that are affected by the tariffs in order to keep its exports to the US competitive. That plus the central bank lowering its currency value vs. the dollar, again to keep its export prices advantageous, but offset by the negative effect of reducing the buying power of its internal population. All of this is then exacerbated by PDJT working with other nations to develop supply chains outside of China.

    Is that it in a nutshell? Did I miss anything big?

    Liked by 2 people

    • Dutchman says:

      GB BARI;
      A delayed effect of devalueing their currency; anything they import becomes more expensive.
      And, they are an import economy.
      Energy, food and raw materials all become more expensive, greatly exacerbating the hemorage.

      Long term, devalueing their currency, for short term benefit (lowering the cost of their exports to stay competitive) is like stopping the bleeding of a head wound, with a tourniquet.
      Yes, its stops the blood loss,…but at what cost?

      Liked by 2 people

  16. spren says:

    Just as Trump is willing to hold off on a trade deal with China because their inaction hurts them more than us in the long term, Democrats are willing to oppose Trump on every single thing, even when they otherwise would support them, just so they can gain political points (or so they think) leading to them regaining more complete power. How despicable is that, that an American political party is willing to hurt their own citizens for their own short-sighted goals?

    When the opposition party is more than willing to shoot holes in the bottom of the very boat they’re in as well, and you have your own party rarely offering anything more than tepid support for the things good for America, I don’t know how much longer we can go on. Trump is absolutely amazing in what he has been able to accomplish with so much opposition from American politicians.

    Like

    • Dutchman says:

      spren;
      Not sure its so much a matter of Dems gaining, at all so much as their perception that they are avoiding giving PDJT a ‘win’.

      And, its not REALLY the ‘Dems’ its the Uniparty, comprised of both those who appear to have a D after their name, and those that appear to hsve an R after their name, but who all really hsve a U after their name.

      Hence the ‘tepid’ support is undermining; deliberate, intentional and planned, because the Republicon and Democrat leadership are one, and PDJT threatens them.

      They continue to misjudge him, and judge him based on previous clowns they have manipulated.

      They THINK he wants a deal, at any cost, for political gain, and that NOT getting a deal is bad for him, politically.

      They are so WRONG,…

      Liked by 1 person

    • yucki says:

      Holes in their own boat, anarchy in the streets, break down of civil society.
      That’s what communists DO. They’re out to DESTROY. That’s how they get power.
      Our “own” party – Rinos – is nothing but controlled opposition. It complements the sabotage of our system.

      Liked by 1 person

  17. Mike in a Truck says:

    I dont give a rats ass about the Red Chinese economy. Even less so the German economy. Or about these multinationals losing money.We Dont Need China.

    Liked by 3 people

  18. cbjoasurf says:

    Where China and the U.S. differ is that China depends upon imports to feed its overpopulated nation and drive its industry as compared to the U.S.A. which in reality, as in the past (pre-WW1) , could survive & prosper should it become a TRADE ISOLATIONIST and virtually independent from imports.

    So in the end China & the world would lose with a large part of their nations starving with NOWHERE to export their goods to along once President Trump straightens China out.

    The Storm is upon the WORLD to step up and compete with the U.S.A. on a “FAIR” and “EQUAL” basis or the WORLD can learn to LIVE WITHOUT the benefits the U.S.A. PROVIDES.

    America being used as a GLOBAL PIGGY BANK IS OVER! God Bless President Donald J. Trump and God Bless the U.S.A.

    Liked by 5 people

  19. Merkin Muffley says:

    Trump can have two advantages if he stays tough in the trade war with China:
    1. China’s economy cannot wait until November of 2020 for relief. By the end of the year, China will have to make some kind of deal or else suffer a severe recession.
    2. Trade concessions by China will show the world that no one is going to “wait” until 2021 to deal with the US when so much is at stake. The Democrats will be humiliated and Trump will have his trade agreements by the time the election rolls around.

    Liked by 1 person

    • john edward lorenz says:

      not only suffer a severe recession but also inflation due to their devaluation. It might take us 40 years (1979-2019) but we may have successfully exported stagflation to china. Hahahahaha

      Liked by 1 person

  20. Zippy says:

    DO NOT believe any figures coming from an official Chinese source. If they admit ANY decline it is undoubtedly far worse than they admit. A Chinese economist made the mistake of publishing the fact that their GDP growth was only a few percent and he was disappeared.

    Like

  21. railer says:

    Trump/Barr may have to make another concession to get his trade deals through The Swamp: USMCA, China, UK et al. He made the first concession in nominating Barr, in exchange for Mueller being forced to finish up, deliver his report, being completely discredited and disappearing forever.

    The second concession will likely involve the abandonment of prosecutions for all the Muh Russia conspirators. I’d hate this but I can almost see it happening. All in good time. His hole card on trade is going to be a relentless campaign attack on those stalling USMCA, which will help Trump’s campaign and those congressmen who throw-in with him. I almost think this is the preferable outcome overall, but I can see him cutting a deal prior to the election, if it’s the deal he wants. I want these conspirators to hang, but I want MAGA even more. USMCA opens the floodgates, and the globalists damn sure know it. Trump can put the Swamp in the position of choosing globalist money now and losing reelection, or choosing to support MAGA to save their skins. Heads, I and the country win, tails you lose, a classic Trumpian formulation.

    Like

  22. I don’t recall if it was SD or a commenter who stated that there is no world producer large enough to replace US soy bean imports to China. this person stated that Brazil was filling the void, and doing so with some US soy beans.
    Is/was that true? Since then I also read that supposedly Brazilian farmers are cutting down the rain forest to create farmland for soy beans.

    Like

  23. carterzest says:

    Once you see the strings on the marionettes, it’s impossible to not see them.
    Funny that?

    Like

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