The Briefing Room

General Category => Economy/Business => Topic started by: ABX on April 17, 2018, 02:56:39 pm

Title: China hits U.S. sorghum with 179 percent tariff
Post by: ABX on April 17, 2018, 02:56:39 pm

Quote

China is imposing a 179 percent tariff on U.S. sorghum, worth about $1 billion of imports to China a year.
The measure against U.S. imports comes a day after the U.S. Department of Commerce banned one of China's biggest tech companies from selling to U.S. firms.....

https://www.upi.com/Top_News/World-News/2018/04/17/China-hits-US-sorghum-with-179-percent-tariff/7931523975021/ (https://www.upi.com/Top_News/World-News/2018/04/17/China-hits-US-sorghum-with-179-percent-tariff/7931523975021/)

Title: Re: China hits U.S. sorghum with 179 percent tariff
Post by: Joe Wooten on April 17, 2018, 06:50:53 pm

SO, who are they gonna buy sorghum from now?

Title: Re: China hits U.S. sorghum with 179 percent tariff
Post by: ABX on April 17, 2018, 07:04:00 pm

Quote from: Joe Wooten on April 17, 2018, 06:50:53 pm

SO, who are they gonna buy sorghum from now?

China is the fourth largest producer. India and Mexico are just above them so there are many options.

Title: Re: China hits U.S. sorghum with 179 percent tariff
Post by: Joe Wooten on April 17, 2018, 10:57:15 pm

Quote from: AbaraXas on April 17, 2018, 07:04:00 pm

China is the fourth largest producer. India and Mexico are just above them so there are many options.

India and Mexico do not export sorghum. Australia and Argentina are the two next top exporters, and there's not much slack right now, so I'd bet the Chinese are hurting themselves as much as, if not more, than hurting the US.

Title: Re: China hits U.S. sorghum with 179 percent tariff
Post by: WingNot on April 18, 2018, 01:17:11 am

This tariff talk shit is all smoke and mirrors. 

But please keep playing  888high58888