The Briefing Room
General Category => Economy/Business => Topic started by: ABX on May 08, 2018, 04:49:44 pm
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The latest battleground in the looming U.S.-China trade war: Frozen pig parts from North Carolina.
When China announced a 25 percent tariff on U.S. pork products in retaliation to President Donald Trump’s 25 percent tariff on imported steel and 10 percent tariff on aluminum, the state's pork industry shuddered.
Read more here: http://www.mcclatchydc.com/news/politics-government/article210364339.html#storylink=cpy (http://www.mcclatchydc.com/news/politics-government/article210364339.html#storylink=cpy)
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Which means pork prices in the us should fall.
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Could?
Like monkeys COULD fly out of my butt?
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Which means pork prices in the us should fall.
(https://vignette.wikia.nocookie.net/p__/images/c/cf/Louis_Winthorpe_III.png/revision/latest/scale-to-width-down/300?cb=20180326183425&path-prefix=protagonist)
"I have a hunch something very exciting is going to happen in the pork belly market this morning."
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Some local farmers here are for the Cuba deal, a Republican Rep here, backs them up. That's fine but I'm still not going to be for the Cuban deal.... even if it hurts some local farmers, I'm sorry about that.
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Gosh this is complicated. Whats the steelworker-to-pig farmer ratio?
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Gosh this is complicated. Whats the steelworker-to-pig farmer ratio?
While I couldn't find exact for pork, the general numbers are:
About 860K people signed up w/ the Steel Workers Union. (it doesn't list how many are active members versus retired).
https://en.wikipedia.org/wiki/United_Steelworkers (https://en.wikipedia.org/wiki/United_Steelworkers)
There are 6.2 million people employed in the US meat industry or ancillary jobs, almost 500K directly involved in the meat packing industry.
https://www.meatinstitute.org/index.php?ht=d/sp/i/47465/pid/47465 (https://www.meatinstitute.org/index.php?ht=d/sp/i/47465/pid/47465)
BUT, the should the Fed Gov be playing these games in the first place? Should they be playing chess with the economy? .. if we move this pawn over here is which pieces can I pick up over there....
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Which means pork prices in the us should fall.
No. It just as easily means that a certain number of pork farmers go out of business because they can no longer survive, and prices stay the same, or increase.