World Perspectives

China on Imports from U.S.; Hogan’s Hero

China on Imports from U.S. The trade is said to be confused. There are conflicting reports with one stating that Beijing has ordered state-owned enterprises Cofco and Sinograin to suspend purchases of U.S. agricultural commodities with soybeans and pork mentioned, and other reports that private Chinese traders are still looking to buy. It was already questionable whether China would meet its Phase One agreement purchase levels and now it is almost certain that they will not. In addition to anger over U.S. punitive measures over Hong Kong, the political calculus has shifted to Donald Trump now vulnerable in his reelection campaign. Undermining his base of support in farm country by stopping imports is a more legitimate foreign influence on...

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From WPI Consulting

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