Donald Trump bypasses Congress to give US$20 billion to farmers hurting from US-China trade war
https://www.scmp.com/news/world/united-states-canada/article/3039671/donald-trump-bypasses-congress-give-us20-billion
US sales of soybeans to China exceeded US$14 billion in 2016, but prices fell as trade tensions mounted. Soybean exports to China plunged to US$3.1 billion last year.
Early last month, Trump announced that he and Chinese President Xi Jinping would soon be signing a “phase one” agreement in which China would buy US$40 billion to US$50 billion of US farm goods a year, about double the annual amount before exports to China plummeted last year.
Whatever it takes to get reelected, ayyyy Don! US LNG cargoes have seen sharp falls like soybeans since the trade war started...get it on the phase 1 deal!!
Trade War media, page-1729
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