Panda Hungry – China Buys Soybeans, Exempts Pork and Beans From Additional Tariffs…

In a quiet admission of food dependency, China purchased 600,000 tonnes of soybeans yesterday (link), and simultaneously announced that U.S. pork and soybean imports would be exempt from further tariff increases.

The surface message Beijing is selling, surrounds their magnanimous panda narrative of reaching out to diminish trade friction.  However, below the surface everyone knows China cannot feed itself,and if food prices keep rising they could likely have growing unrest.

Beijing’s decision to not enhance tariffs of pork and soybeans is very self serving; particularly because China owns Smithfield foods, the largest producer of U.S. pork.  In essence China has lessened tariffs against their own company.

(SCMP) China has announced that it will exclude imports of US soybeans, pork and other farm goods from additional trade war tariffs, opening the door for significant purchases of agricultural products.

The official Xinhua News Agency reported on Friday that China’s National Development and Reform Commission and the Ministry of Commerce made the exemption in response to the US’ decision of postpone an increase in the tariff rate on $250 billion of Chinese goods from October 1 to October 15.

It comes after US President Donald Trump spoke on Thursday of the possibility of an “interim trade deal” over the coming weeks.

Beijing will allow Chinese businesses to purchase a “certain amount of farm products such as soybeans and pork
” from the United States, according to the Xinhua report. “China’s market is big enough and there’s great potential to import high-quality US farm products.” (read more)

Now we can see why Vice-Premier Liu He asked President Trump to postpone the tariffs on Chinese products from October 1st to October 15th.

Manipulative panda needed the two-week delay as the basis for a face-saving move.

Likely Beijing was already going to make the bean purchases and exempt the pork products etc.  China has no choice, they need the food.  However, making the purchase as a stand alone would make them appear weak…. So Beijing asks President Trump for a two-week delay,… then they make the purchase,…. and then they position the purchase as a response to the two-week delay.

Typical panda.

POTUS knew….

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122 Responses to Panda Hungry – China Buys Soybeans, Exempts Pork and Beans From Additional Tariffs…

  1. Sentient says:

    We should boycott our own pork! Just kidding. This is making me confused.

    Liked by 3 people

    • sarasotosfan says:

      I have seen “day old” price of country pork ribs rise over 20% in the past month. This is not a joke.

      Liked by 2 people

    • SAM-TruthFreedomLiberty says:

      Globalists intertwined American farmers with China so they can produce sh*t steel and plastics for us.
      And to keep the farms going Mexicans were imported.
      If our Farmers would just produce for NA, China would be split in several Kingdoms by now..
      Of course Trump has to be nimble, cause just pulling the plug will have devastating effects endangering Americans, his Presidency and a lot of innocent life..

      Liked by 5 people

      • bored identity says:

        Excellent comment, SAM ;

        Time to skyrocket price of any commodity that is considered as a staple for Chinese peasantry and cattle!

        Starve the beast , and continue to subsidy* farmers until they diversify (three years should do it)
        crops.
        * Feds prints and helicopter money anyway…

        bored identity would add: time to economically strangle Argentina (MMF) for cozying up to Mings The Merciless and offering them soy while dumping prices.

        Same goes for any other sh!thole country in the southern hemisphere

        Like

      • Jim Coburn says:

        Keep in mind that farms producing soybeans, corn and wheat do not use Mexican labor.

        Liked by 1 person

    • GenEarly says:

      Simple enough, Chicoms have bought “Our” farming corporations, “Our” Hi-Tech Corporations, and “Our” Politicians of the Uni-Swampster Political Party.
      “Our” money is worthless Fiat paper, and “Our” Known* Feral Gov Debt is an Unpayable 23 Trillion.
      The democRats didn’t just adopt ProgreSSive Socialist-Marxist policies out of the blue.
      Who you gonna call when the collapse comes???? the Feral Gov!!!
      Who is the inside party to the Feral Gov? Who is protecting the Deep State?
      Who benefits from an economic collapse???
      democRats!!!!!! The Repubs will be an insignificant minority until folding into The Party!
      One Party Rule, like the Chicoms!!! No more conflicts either, Comrades!
      PS: We weren’t called “Deplorables” and “Irredeemables” for nothing. Propaganda preceeds the Assault. FYI, CYA,IMO.

      Liked by 3 people

      • thehawkeyehoneypot says:

        You cant even buy ribs from walmart that arent from smithfield foods aka china

        Like

      • Dutchman says:

        The “demorats” and the “Repubs” are ALREADY ONE PARTY; its called the UNIPARTY, aka CCP, USA.

        Its is NOT that the Demorats have fostered the illegal alien situation, FOR 30 YEARS, because theyvwanted the votes.

        Nor is it that the,Repubs not only put up token resistance (to satisfy the base) while behind the scenes countenacing illegal immigration because their donors wanted cheap labor.

        The UNIPARTY wanted and wants a massive influx if illegals, in order to destroy America. Specifically, the Uniparty has been working to destroy the large middle class, and the upward mobility that enables people to move into the middle class if they “work hard”, known as “the American Dream”.

        Put succinctly, the Uniparty wants to destroy US, the deplorables. “Trump” is just in the way. HOW do you turn a traditionally center right country, with a vibrant middle class, a democratic Republic, into a socialist sh*thole?

        One aspect is to infiltrate and subvert the political party that represents the right, so that,while they talk the talk, talking up ‘conservative values’, in stealth mode, behind closed doors they foster the continued leftward tilt.

        And, you implement policies which undermine and weaken the middle class, and the upward mobility.

        You export manufacturing jobs, to China, Mexico etc. You import lots of illegals, to drive down wages for all, and to take those jobs that would otherwise enable the ‘poor’ to move into the middle class through hard work, and that can’t be exported.

        CONSTRUCTION, for instance. NOT “Jobs Americans don’t want”, jobs Americans can’t get. And jobs that a high school drop out, graduate, ex con, or green card holder USED to be able to get, that would pay enough $ for them to support a family.

        And as,Uniparty you steadily work at undermining the second great pillar of American exceptionalism; The Constitution.

        We DO NOT have a “two party system”, we have ONE PARTY, the Uniparty, masquerading as a ‘two party’ system,
        to fool the people just long enough to gain total control.

        At that point, the masquerade will have served its purpose, and Mitch can, like a scene out of Mission Impossible, reach up and pull of his mask, and reveal Pelosi underneath.

        Like

    • USTerminator says:

      We should put 25% tariff on all agriculture products exported to China.

      Liked by 1 person

  2. 94corvette says:

    The inability of the Chinese to feed their population is a long known problem. The civil disorder they are experiencing in Hong Kong is a prelude of the unrest they will have if people go hungry. Mao starved millions – they still remember.

    Liked by 9 people

    • SwampRatTerrier says:

      Let’s send them all the Democrat Communists Progressives Leftists like Warren, Bernie, Kamala, Mayor Pete, et. al.

      Hey! The Chinese can use the fat cats’ fat!!!!!!!

      Snark.

      Liked by 2 people

      • KAR says:

        The Leftists will promise to feed them all . . . out of thin air. (But it’s the thought that counts.)

        Like

      • stripmallgrackle says:

        Let’s see. China importing the democrat clown car, and possible benefits to the Republic (theirs, not ours).

        Nationalized healthcare. Already done. Command economy. Done. Two-tier society with privileges for communist party members. Done. Gun control. Done. Ability to efficiently squash a rebellion. Done. Government mandated abortion. Done. State run press. Done.

        Social justice agenda. Why? Reduce carbon footprint. Why? Eliminate gender bias. Why? Eliminate racial supremacy. Why? Give up Chinese exceptionalism. Why?

        It’s a long shot, but maybe the democrat candidates could be invited to join the government in Beijing. The odds might even be better than their chances in 2020 here.

        Like

        • stripmallgrackle says:

          Almost forgot. And it’s a big one. Open border policy which prioritizes illegal aliens, refugees, criminals, and terrorists to enter China. Why?

          That’s a deal killer.

          Like

      • tucker7518 says:

        Hope China keeps all of them.

        Like

    • Sbark says:

      Inside Ag rumors they need 5 to 14 mmt of soy to bridge to new crop avail from South America, and right now s.america showing signs of dryness building in

      Like

    • Tiffthis says:

      The Chinese elite really don’t care if the people starve tho- too many to feed is president xi’s stance 💯

      Like

  3. Let them eat cake. Oh, wait a minute. Wrong country. Besides I don’t think you can make cake in a wok. MAGA!

    Liked by 1 person

  4. lansdalechip says:

    Abject curiosity, but if we applied tariffs to pork and other ag products, would the starvation of the “average” Chinese consumer be enough to provoke the government into military action?
    Hungry people do silly things to governments.

    Like

    • GenEarly says:

      WW III would result, same as in WW II when US cut all oil deliveries to Japan. Government’s on the brink of extinction Go to War. Just a fact. We don’t need or want another NeoCon Bolton War with space weapons. Yes, the Chicoms have them also. If the electric grid in the USA is Down for a year, We have a 90% death rate.
      Discernment is vital. President Trump is the Man of the Decade, hope and pray he navigates this very deftly.

      Liked by 5 people

      • John Bosley says:

        Exactly Gen Early.
        The President has to very gingerly boil his Chinese frog.
        If he tries to correct the problem of the last 50 years since Nixon, all in one fell swoop, he risks all out War with China.

        This problem with China will take a generation or 2 to correct, same as it took to make it.

        Liked by 1 person

  5. Mncpo(ret) says:

    POTUS knew their game before he came down the escalator. He’s known both of the “faces” of China for decades. They just didn’t know him. They were coddled for decades by NWO admins that caved every time.

    We have our lion now, to combat their dragon. They will lose and they know it.

    They have to provide food or there is a revolution of hungry peasants.

    P.S. Don’t buy anything Smithfield.

    Liked by 13 people

    • TradeBait says:

      Not a “dragon”, a “panda”. lol.

      Liked by 1 person

    • Diana Allocco says:

      Clearly, you’re correct. Trump’s knowledge of China is deep. I wonder how he acquired it.

      Liked by 2 people

      • ms doodlebug says:

        Why wonder? It’s not a secret that PDJT’s business interests in China go back decades – just like hundreds, maybe thousands, of other American owned businesses. We knew this before he was elected President, which makes the democrats’ concern about emoluments rather ridiculous.

        Here’s a list of what they say is just approximately 1% of well-known American companies doing business in China. https://jiesworld.com/international_corporations_in_china.htm If you’re interested, a quick search query will probably turn up a similar list of Chinese companies doing business in the U.S.

        Like

        • Diana Allocco says:

          Yes, yes – obviously I know Trump did business with Chinese interests for many years. BUT so have a lot of businessmen. Trump’s understanding is a whole ‘nother level of jedi, and I truly wonder how that happened.

          Liked by 1 person

          • ms doodlebug says:

            A lot of businessmen no doubt know how the Chinese operate. Has it occurred to you that PDJT may simply be the first President we’ve had who thinks like a businessman instead of as a politician? He may also be the first one who has no desire to line his pockets at the expense and future of taxpayers – and his own children and grandchildren

            Like

      • GB Bari says:

        President Trump has studied China for many decades. He was speaking out about their unfair trading practices 30 years ago. Too many of his detractors underestimate his intelligence at their own peril.

        Like

    • jguns says:

      It is not just Smithfield. They own: Nathan’s Famous, Gwaltney, Eckrich, Krakus, Kretschmar, John Morell, Armour, Curley’s, Farmland, Carando and others. I will not eat any of them!

      Liked by 4 people

    • KAR says:

      They can always grow rice in Tibet. Except for the fact that it won’t grow there.

      Liked by 2 people

      • rashomon says:

        Monsanto is trying to mess up all the rice around the world so that GMOs become the one of many food weapons of mass destruction. China has banned them, but sneaking seeds into the system is easy peasy.

        Like

      • dayallaxeded says:

        Someone else drew attention to the fact of water distribution around the world: USA is the only major land-mass that has the extensive natural water distribution through-out arable lands that we have. China and Russia have lots of land, but much of it is high plains/desert, mountains, and tundra. There are verdant valleys and deltas, but as a percentage of the totals, they’re small. Africa and SA are their hopes, but neither has ever lent itself to stable governance or development. We shall see what the future holds. In the meantime, if we don’t let urban interests skew our true national interests, USA will remain the breadbasket of the world and thus it’s rightful master. Hug a USA farmer today.

        Liked by 12 people

        • VandalizeDuhMastuhsAlgorithms says:

          Yeah I’ve pondered this amazing blessing too…First you have the Mississippi River Basin which includes the Missouri and the Ohio River valleys…And all of the streams and rivers which in turn feed into them… The entire basin is not only well supplied with water, but even tributary rivers are navigable to some extent. They are enormous commercial passageways in and of themselves.

          And if not barges and the like, along the flatlands of the river valleys, though occasionally flooded, thoroughfares, for highways and train tracks, as well as electricity and communications corridors…

          Then the almost miraculous Great Lakes and the Saint Lawrence Seaway, with oceangoing freighters able to travel a 1000 or so miles inland to major harbors like Duluth, Chicago and Detroit, among others.

          A distinct, working, Freshwater Marine system with lighthouses, Coast Guard stations and fisheries. And their share of storms and shipwrecks as well.

          And then you have other great inland rivers draining directly into the Atlantic or Pacific…
          The Hudson, the Potomac, the James, the Charles, the Sabine, the Colorado, Sacramento and Columbia and the Yukon. Among others, and each of these with similar characteristics as the Yangtze, Mekong, Nile, Seine, Rhine and Thames.

          And a climate that varies from 120 or so growing days in the North to almost year round growing conditions in the South. Plus all the fertile life in and around them. Seagulls are common around the Great Lakes and some distance inland.

          Tremendous blessings and it would be difficult to visualize an America without these waterways.

          Speaking of the Mississippi, recently I read over the text of the 1783 Treaty of Paris, which formally ended our War of Independence from the British Empire.

          This paragraph caught my eye.

          “Article 8th:
          The Navigation of the river Mississippi, from its source to the Ocean, shall forever remain free and open to the Subjects of Great Britain and the Citizens of the United States.”

          I did not know that the Subjects of Great Britain had free and open navigation of the river Mississippi, forever…

          Liked by 2 people

          • Fannie says:

            Don’t forget the Ogallala Aquifer.

            Liked by 1 person

          • John Bosley says:

            THE most blessed nation on this Earth.
            Truly, the ” land of milk and honey “.

            But just as easily as it can be blessed , the Creator can curse the land also, due to the constant evil doing of its people.
            We are at the Crossroads now, a historic place in time to correct our ways and repent of our evil.
            If we fail, we will be cursed forever.

            Like

          • American Heritage says:

            Something rarely mentioned about the “renewable energy” wind-turbine and solar “farms” is the damage they do to arable land and other critical components of the food chain. The windmills kill large numbers of pollinators/insect eaters, namely birds and bats, and farmers are selling/leasing large tracts of productive land for solar “farms.”

            Each behemoth windmill requires tons of concrete and rebar buried in the ground for support, and solar panels are thought to contain harmful materials that could leech into the soil and ground water beneath them. Both devices are made, at least in part, from components that can’t be recycled; and when they die, they are shipped off to clog landfills.

            Vast tracts of Forest land are being cleared to make room for what have turned out to be inefficient, intermittent energy sources, which depend upon taxpayer subsidies and fossil-fueled standby power. Not only is this detrimental to the environment, but it’s also a favorite leftist argument against the mining of fossil fuels.

            The relationship between “green energy” and American food security needs to be closely examined.

            Liked by 1 person

        • My brother-in-law deserves that hug. He farms over 5000 acres, mostly corn and soybeans (called peas in th NC farmland). His family have all been life long dems until obutthead came along, they all voted for Trump and they all will again for 2020. They finally saw the light!

          Liked by 6 people

    • tonytran2015 says:

      In Chinese ranking system, Dragons are of No.1, Lions 2, Turtles 3, Chinese Phoenix 4!

      Like

    • MtnDesert says:

      Did some grocery shopping yesterday at the local Market Street. Most if not all Smithfield bacon was on yellow sticker sale for $2.16 for a 16 oz package. Thrifty bargain shopper meter was off the chart, took a few breaths, walked down the isle, picked up the favorite USA Peppered Hickory Smoked product for $12.99.

      Liked by 3 people

      • Cliff Indiana says:

        Hope that is a typo, and you paid $2.99, not 10+ more!

        Like

      • dayallaxeded says:

        No criticism of the buy American impetus, but as I’ve said elsewhere, the farmers and processors are American, even if Smithfield’s “money men” are Chinese. We need all of our farmers to stay in business. At the low sale price, they’re just covering overhead–I.e., I’d think virtually all of that money is going to USA farmers and processors. If I’m wrong, anyone with more knowledge in this area, please set me right. Do love me some thick-sliced peppered hickory or pecan smoked bacon, though! 😉

        Like

        • MtnDesert says:

          Probably a bad deal for US farmers, employees and vendors of Smithfield to be under the hammer of the Chinese government. A great deal for the owner and share holders of Smithfield, a deal that took 24 hours and paid 30% more that the company was worth according to the link. You can read the attached link which will give you some information (NPR so take what you will out of it). So, I would rather pay $12.99 for 2lbs of yummy thick sliced peppered hickory smoked bacon knowing it is processed within miles of home, than give my $ to a company owned by the China. Maybe the farmers should tell China to take a hike and form their own co-op.

          Like

  6. Pat Childs says:

    China is in the midst of another swine epidemic, this time the African swine fever. While anecdotal reports are of massive herd loss, the Chinese reported pork production number mirror 2017. Something doesn’t add up here. China favors soybeans over corn as animal feed, but China has been known to buy a lot of corn also occasion. Poultry and cattle prefer the taste of corn.

    Liked by 2 people

  7. Doppler says:

    If we don’t get a deal by October 15, have some new and egregious demand to slap on with the delayed additional tariffs. Like maybe make a $1T downpayment to compensate American companies for damages suffered due to all the IP theft, to be supplemented where appropriate by later litigation. Then 2 weeks later, agree to withdraw the new demand in exchange for everything else.

    Liked by 2 people

  8. Aeyrie says:

    Panda dances well, doesn’t he? He knows hungry people who remember starvation don’t dance well at all. Well played, PDJT.

    Liked by 2 people

  9. Publius2016 says:

    how could they allow China to corner market? fed regulators are in pocket…look at movie theater consolidation too…

    Liked by 5 people

  10. Dave Hunter says:

    I just don’t understand letting these liars save face, as Xi agreed when Trump last held off on tariffs to have China buy billions in ag products and they did not. Nor do I understand the benefit of an interim agreement, which the Chinese will violate almost immediately. Put the tariffs in place as scheduled.

    Liked by 2 people

  11. The Third Man says:

    Yes. “Put the tariffs in place as scheduled”

    Liked by 1 person

  12. footballfan33 says:

    POTUS made similar tweets regarding chinese promises to buy food from us, that never materialized. Maybe he did know. Or maybe not.

    Like

  13. KAR says:

    As I understand it, the Amazon rainforest fires are caused by farmers burning their fields to grow . . . soy for China!

    Liked by 4 people

    • piper567 says:

      KAR, whatever they are, they are not a result of global warming.
      They happen every year, and satellite photos show they are scattered, which fits more along the line of what you say.
      For all the hype ab tech in the entertainment field, you would think they could figure out we have daily EVIDENCE of their lying and deceit.
      And, the fires, you will notice, the fires that were said to mark “The Beginning of The End” , “Lungs of the world” stuff have disappeared from the Breathless Breaking News.
      Gotta wonder how these a$$hats can stand to look at themselves in the mirror in the morning!
      I am delighted their ratings are circling the drain.

      Like

  14. Tiffthis says:

    So they asked VSGPDJT to delay extra 5% tariffs 2 weeks and in the interim buy our food- does Xi look like a panda now? The president only said yes knowing it would benefit the great American farmer. Bravo 👏🏼 VSGPDJT

    Liked by 2 people

  15. Mike in a Truck says:

    PDJT knows the Red Chinese better than they know themselves. Think a lawyer in the the Oval Office could do this? Oh wait we’ve already had those.

    Liked by 4 people

  16. dayallaxeded says:

    Shoot! And I was hoping for a banner year of bacon, pulled pork, pork loin, pork shoulder, pork chop, pork belly, and ham hock gorging and hoarding! Zurich Mike will be devastated! I will continue to consume more of “the other white meat” b/c it’s dayum tasty and reasonably priced to make China compete with me!

    Also, eat dark meat chicken–that’s a huge Chinese market item from the USA. Relatively minimal amounts of dark meat chicken (the moistest, tastiest and drumsticks are the most hand-friendly form) are sold/consumed in the USA. We’ve created a cult of white meat chicken–a veritable white meat supremacy. Stop it now and make China compete for Tyson’s, Purdue’s, et al’s dark meat, too!

    Liked by 1 person

    • day, So you want pork? Gov Abbott just signed a bill here in Texas that lets hunters kill wild hogs 24/7/354 without a hunting license; you just have to have the land owners permission. If I knew how I would post a pic from my game camera of 9 hogs in one bunch near my garden. We have way too many wild hogs in Texas

      Liked by 4 people

      • John Bosley says:

        Forgive my ignorance, but aren’t those wild boars/hogs full of parasites?
        Have to really cook em well.
        Wouldn’t want to get any worms or other nasties in me.

        Like

      • piper567 says:

        My nephew in FLA shoots all of their (wild) pork, only young ones, less than 100lbs or so…they smoke and do bacon and ham.
        greatstuff.
        But you may have semi-local butchers.
        We have a sorta local family shop, worth he trip, own their own beef herd, and buy hogs, lambs and goats from the 4H at Fair’s end.
        worth a snoop around.
        high quality, drug free stock.
        Also a thought: I have had a rural family raise geese for me for years, and even turkeys and chickens…price includes feed to freezer.
        hard to beat.

        Liked by 2 people

  17. Deplore Able says:

    I have to send this thread to my liberal brother. I explained to him last week that the USA has a great advantage in a trade war with China. The USA consumes internally 80% of what it makes and needs to export only the last 20%. The Chinese, on the other hand are dependent on exporting 70% of what they make.

    What the USA imports from China can just as easily be imported from Vietnam, India, Indonesia, or better yet, we can make it here. China desperately needs access to the USA market, the biggest market in the world. The Chinese economy can’t survive without that access.

    What the USA has to export often can’t be found anywhere else. Boeing airplanes can only be found here. Everybody needs oil and natural gas. Sick people need access to USA pharmaceuticals. USA military equipment is the best in the world. Nobody can replace the agricultural products we have available for export. If your people are hungry, you need to import food. If you have a billion hungry people, the only place you will find enough food is the USA.

    Liked by 4 people

  18. scrap1ron says:

    And the cherry on top – devaluing their currency to combat the tariffs makes purchasing the food imports more expensive. Hunger is a great motivator, eh Xi?

    Liked by 3 people

  19. Schmitty says:

    Bought SOYB a month ago/recently – Soybean ETF – model said it was bottoming… I love the title “Panda Hungry!” – let’s go She-Fu!

    Liked by 1 person

  20. porkyspen says:

    I hate to do it to the great Americans working here at Smithfield, but I don’t buy their shit anymore only because China owns them…. the previous owners of that company are scumbags for selling to the Chinese.

    Liked by 4 people

  21. A2 says:

    Happy Moon Festival! Looks like buying pork beats having riots.🤣🤣🤣

    Today for your reading pleasure, a translation of the insider leaker Taoran Notes. Remember, I told you the editor travels with Liu He so this is what they want floating out there.

    Some interesting details on the trade negotiations.

    The key phrase popping up is, 求同存异 “seek common ground while putting aside differences“
    👇
    “a key step in the “breaking ice” between China and the United States”

    From: Linghu Mao, Tao Ran Notes Yesterday

    Today is the Chinese Lunar August 15th, Mid-Autumn Festival.

    A year ago, during the Mid-Autumn Festival, the United States upgraded Sino-US trade frictions and imposed a 10% tariff on 200 billion US dollars of Chinese exports to the United States. The Chinese side resolutely countered and imposed tariffs on imported goods originating from the United States of about 60 billion U.S. dollars. .

    From that time to the present, between China and the United States, “talking about beating and talking about it” has both confrontation and arrogance, and the global market has also fallen because of this unprecedented trade friction. ups and downs.

    In the past two days, with the approaching of the thirteenth round of China-US high-level economic and trade consultations, the situation that has changed since the talks between the Chinese and American leaders on September 5 has further eased.

    First of all, the signs of goodwill between China and the United States are becoming more and more obvious.

    “On the evening of September 11, local time, US President Trump issued a message on social media that, considering the Chinese request, and the People’s Republic of China will celebrate its 70th anniversary on October 1, the US side ‘as a goodwill’ will be The $250 billion tariff on Chinese exports to the US was postponed from October 1 to October 15.”

    The Chinese side has responded positively to this.

    Vice Premier Liu He should meet with Greenberg, chairman of the US-China Business Council on the 12th, saying that the US has just announced that it will postpone the tariff increase on October 1. The Chinese side welcomes this.

    The Chinese Ministry of Commerce also answered relevant questions at the regular press conference on September 12.

    “We welcome the goodwill actions released by the US… Chinese companies have begun to make inquiries about purchasing US agricultural products. Soybeans and pork are all within the scope of the inquiry.”
    “I hope that the two sides will continue to move in the opposite direction and take practical actions to create favorable conditions for consultations. This will benefit both China and the United States and the whole world.”

    On the Mid-Autumn Festival, China announced that it would impose tariff exemptions on the procurement of new US agricultural products.

    Xinhua News Agency, Beijing, September 13th, the reporter learned from the relevant departments of the National Development and Reform Commission and the Ministry of Commerce that the US has decided to adjust the tariff measures imposed on China’s exports to the US on October 1. The Chinese side supports related enterprises. From now on, in accordance with the principle of marketization and the WTO rules, a certain amount of agricultural products such as soybeans and pork will be purchased from the United States. The State Council Tariff Commission will impose tariff exemptions on the above purchases. The relevant Chinese authorities indicated that the Chinese market has a large capacity and the prospects for importing high-quality agricultural products from the United States are broad. It is hoped that the US will have a letter and a commitment to implement the commitments to create favorable conditions for cooperation in the agricultural fields between the two countries.

    It should be noted that the US “goodwill expression” is to postpone, not completely stop, tariffs on China. But this is still a positive signal for breaking the current stalemate. The continued unification of goodwill between China and the United States is also conducive to further “breaking the ice” for Sino-US consultations.

    Secondly, from the information disclosed by China and the United States, the preparations for this round of negotiations are more pragmatic.

    Vice Premier Liu He, when meeting with Greenberg, Chairman of the Board of Directors of the US-China Business Council, revealed some information about working-level consultations.

    “The world is looking forward to the progress of the Sino-US consultations. The working layers of the two sides will meet next week and will seriously exchange views on issues of common concern such as trade balance, market access and investor protection.”

    The Chinese side announced the relevant issues in advance before the consultations. This move is very rare. Working layer consultations begin next week, it seems that this Mid-Autumn Festival has to work overtime.

    There are also a lot of dry goods in the information released by the US.

    “CNBC reported on the 12th that US President Trump was preparing to travel to Baltimore on Thursday, suggesting that he would consider a temporary trade agreement with China, although he is more inclined to reach a comprehensive trade agreement.”
    “US Finance Minister Mnuchin said in an interview with CNBC on the 12th that the US’s primary negotiating concern is intellectual property rights, compulsory joint ventures and a fair trade competition environment.”
    “The Wall Street Journal reported on the 12th that China is seeking to narrow the scope of negotiations on the United States to trade only, and put the difficult national security affairs on different tracks to break the deadlock in trade negotiations with the United States.”

    From this information, both parties are interested in concentrating on this round of consultations.

    In the context of the consultation that “hard ice” has not been completely broken, and China and the United States have not completely eased the situation, this practice of temporarily suspending the dispute to seek the greatest consensus is undoubtedly more pragmatic.

    Since the beginning of the normalization of Sino-US relations more than 40 years ago, this practice has been effectively applied to the changes in Sino-US relations.

    We call it, seeking common ground while reserving differences.

    Third, whether the Sino-US consultation can “break the ice” and seek common ground while reserving differences is a key step.

    From the Mid-Autumn Festival to the Mid-Autumn Festival, from the sword to the tens of thousands of turns, more than a year to talk about beating, the different choices between China and the United States, especially the United States, to outline a different perspective.

    If we continue to ask for price and limit pressure, it will inevitably lead to a resolute counter-measure by China. The only consequence of the continuous escalation of the trade war is to bring more negative impacts to China and the United States and the world.

    If the US can more deeply realize that “the trade war has no winners” and calmly and on the basis of equality and mutual respect, and through consultation and cooperation with China to solve the problem, then this long-lasting trade friction will not be found. A substantive solution.

    Now that we have come to the road of choice, whether the Sino-US consultation can “break the ice” lies in seeking common ground while reserving differences.

    Two roads lead to two different prospects.

    Whether or not we can seek common ground while reserving differences is the time to test the wisdom and patience of both sides.”

    Source: https://mp.weixin.qq.com/s/OaVhBRxnajVHea4FFhno4g

    Liked by 7 people

  22. WRB says:

    China purchased 600,000 tonnes of soybeans yesterday

    That is 0.6 million tons.
    To put that in perspective, China purchased more than 30 million tons of soybeans in 2017.

    Liked by 1 person

  23. A2 says:

    Also notable, the BBC is airing a Series on: “China: A New World Order” on BBC 2.

    Don’t know if you can view it, but possible if you have a vpn.

    https://www.bbc.co.uk/programmes/m0007zp0/episodes/guide

    #TradeWarIsNotATradeWar
    🤣🔥🤣

    Liked by 3 people

  24. Pyrthroes says:

    More of ChiComs’ “internal contradictions” impacting ComFare, Inc.’s other 57 Varieties (such as Rats’ 2020 war on America’s naive Good Bourgeois) will sputter along another 27 months or so. But come end-2021, the three-generation, 72-year reckoning for Mao’s CCP holodomor looms inevitable.

    Whatever fresh barbarities Hsi & Co. contract, a destitute and starveling, “socially discredited” populace will want a word or two with Peking’s Police State commissars. As with Gorbo’s Soviets in 1989, at precisely the same interval from 1949, the Great Helmsman redux will find hissef’ without a quarterdeck, hull or mainsail, keel or rudder.

    China being China, what follows will be less a sorry end than New Beginning. But as David P. Goldman aka “Spengler” puts it in the “Asia Times”, just as ChiComs’ engineering/high-tech theft begins to bite –in quantum communications, robotics/AI, and other areas– their New Mandarinate’s embrace of Grand Theft global parasitism in lieu of free-market risk/reward will blight Central Planners’ self-dealing Deep State prospects at the root.

    Liked by 1 person

    • sturmudgeon says:

      Pyrthroes: Enjoy your posts, but they certainly ‘test’ clear understanding by this poorly educated slob… thanks…. always good to be tested…

      Like

  25. TwoLaine says:

    Did we tell them not until the fentanyl stops?

    Liked by 2 people

  26. I’ve seen dozens of articles about how the trade war was going to bankrupt every farmer that ever existed. WRONG! Who keeps paying these morons?

    Like

  27. MitchSteel says:

    Keep in mind, the larges ship that we can fill and get through the Panama Canal. Holds 4-5 tonnes.

    This is a huge purchase. I worked for a Cargill grain export facility in Reserve LA, for 3 years. One of the busiest per tonne terminals in the western hemisphere. 50million tonnes was the record for 1 month. It averaged about 35 a month.

    Like

  28. dufrst says:

    A must post. Our leader in 2010, talking China. Everything he said he would do, he’s doing now! God bless this great man! MAGA!!

    Liked by 6 people

  29. barnabusduke says:

    Now I’m REALLY ticked as Smithfield Foods is a NASCAR sponsor. Was already damn mad over the gun sponsorship issue, but it keeps getting worse. I even type this with the truck race on in the living room! Is nothing sacred anymore??? China is EVERYWHERE! Just damn…

    Like

  30. graficgod says:

    it would be nice if other ‘hong kongs’ started cropping up in CommuChina. people either throw off collectivism or are consumed by it.
    vote accordingly.
    $Trump2020

    Liked by 2 people

    • dayallaxeded says:

      Other than HK, the rest of Red China was already mostly poverty-stricken and lacked any significant resources to resist when China began its latest round of colonialism among its neighbors (think Nepal, Tibet, Manchuria). Even so, the Maoists have been ruthless in destroying any resistance. They are only restrained in HK by its and its people’s very high commercial value and global visibility. And that may only be temporary. Pray for those, especially Christians (of whom there are many) in HK.

      Like

  31. Reloader says:

    FTA: ” … if food prices keep rising they could likely have growing unrest.” Growing unrest.

    Protests in Hong Kong are astounding, with perhaps TWO MILLION people in the streets.

    But “growing unrest” on the mainland –which is already happening– if there are serious food shortages … could mean protests by ten million, fifty million, two hundred and fifty million … even SEVEN HUNDRED MILLION people. And that would still be only about half of China’s population.

    Yes, I would call the threat of “growing unrest” a serious concern.

    Like

  32. John-Y128 says:

    China ‘exempted’ Pork because they need it for their 2013 purchase of Smithfield Foods, that they see back to us. Boycott Smithfield Foods products.

    Like

  33. HellInAHandbasket says:

    “…China owns Smithfield foods, the largest producer of U.S. pork.”
    Just that one line of craziness, is proof positive of how self-destructive USofA trade had become. And no one batted an eye or telegraphed concern, The People went silent, they had no idea.
    …. who would even be talking about this, if not for VSGDJT?

    Like

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