Posted by elton fancher on April 17, 2018 at 13:24:32 from (64.130.164.71):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
My understanding is that most of our pork exports to China consist of parts we mostly don't use. Feet, entrails, and whatnot. We did, when I was a boy here in the backwoods, consume almost all of it but apparently not now. We at 20 plus trillion in debt, and China at 40 plus can neither afford risky trade policy. It is my understanding that China is and has been for some time exploring investment in farming in Africa and South America. I have been told that Brazil can produce huge amounts of grain but lack the infrastructure to get it rapidly to a port. Obviously that could be fixed. One thing that is apparent is the fact that China is not inhibited by our sort of capitalist system in making those sorts of investments, no matter the debt they incur. They may, as rrlund theorized, squirm for a while, but how long?
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