Quote:
Originally Posted by Show Me the Wire
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.
http://www.scmp.com/economy/china-ec...onal-trade-war
China needs the food. Also, China owns Smithfield foods, the largest producer of U.S. pork. China put tariffs on its own agricultural products  . I guess they realized their mistake.
China has devalued its currency, prioritized food purchases over raw goods purchases, cut their industrial purchases from Germany and France, hurting the EU economy, and is watching its own economy shrink, while its financial markets decline.
Tariff wars are easy to win.
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I missed this Show Me The Wire... sorry about that.
Good job first of all and I noticed elysian didn't reply to you either. Wonder why??
