In Trade Wars, Everyone Loses

The following commentary does not necessarily reflect the views of Farm Journal’s or Farm Journal. The opinions expressed below are the author's own.

Is it much ado about nothing, or much ado about everything? One hopes it’s the former, but as we’ve seen, even rhetoric can create actual losses, and the trade war with China – whether perceived or actual – is a dangerous precedent.

When President Trump announced the tariff on Chinese steel and aluminum, it sent tremors through U.S. agriculture and business, knowing retaliation was sure to come. Ironically, only 3% of U.S. steel imports originate in China, according to research firm Evercore ISI, but that fact didn’t deter China from threatening a hefty 25% tariff on U.S. pork and tariffs on other American products. Since then, the back-and-forth retorts between the two countries has continued.

There are differing thoughts on what the tariffs mean. While China was the No. 3 export market for U.S. pork in 2017, China has a glut of domestic pork, so it’s likely U.S. exports would have been lower this year, regardless. A Washington Post article reports that in the past five years, U.S. pork exports by volume to China have fallen 11%.

In addition, the proposed tariff puts America’s largest pork producer in an interesting situation. Smithfield is owned by a Chinese company, so the tariff hurts And some analysts feel a “work-around” is possible, with U.S. pork going to Hong Kong before it goes to China, thereby avoiding the tariff.

In a Reuters article last week, Smithfield president Kenneth Sullivan told analysts the markets were overreacting to the proposed Chinese tariffs, and that pork producers could easily pivot to new markets.

“We’ll find markets, we ship to more than 40 countries,” he said in the article. “We may very well ship to China even with an increased tariff.”

In addition, the U.S. pork industry has done a great job of establishing new markets. Vietnam and other Asian countries show increasing potential and Japan remains an excellent market for U.S. pork. In South and Central America, meat-buying habits are trending toward pork rather than beef, and U.S. pork groups are developing innovative cooperative marketing projects to promote pork.

Still, it’s disappointing to see the tit-for-tat situation between China and the U.S. If President Trump thought China would acquiesce the first time the U.S. threatened, he was sadly mistaken. And the fact that many of his supporters reside in rural America and are negatively impacted by the trade war could come back to bite him.

Will these world leaders learn to play nicely, or will they take their toys/products and go home? One would hope they’d realize their actions – and talk of actions – impact millions of people who are already operating on thin margins. We can’t afford the trade war to continue because no one wins, except, maybe, our competitors, who wait excitedly in the wings to take over our markets.

 
Comments
Submitted by kennethmgideon on Tue, 04/10/2018 - 05:41

I am so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that's at the other blogs. Engineering Assignment Help

Submitted by Albert Ambrose on Tue, 04/10/2018 - 05:44

Thanks a lot for the post. It has helped me get some nice ideas. I hope I will see some really good result soon. Finance Assignment Help

Submitted by Charlie Puth on Tue, 04/10/2018 - 05:47

I loved the way you discuss the topic great work thanks for the share. Nursing Assignment Help

Submitted by Peter L. Watts on Tue, 04/10/2018 - 05:50

I'm getting excited about this kind of beneficial information of your stuff in the future Operating System Assignment Help

Submitted by Viola Yeri on Wed, 04/11/2018 - 00:45

This is sadly true, most of the Tree Service companies face this issue.

Submitted by Mike Harshman on Wed, 04/11/2018 - 12:39

Very nice elementary thinking in your article. The trade imbalance is the key. I believe there are a lot of Chinese who like to eat. They will purchase our products even if it is in a round about manner. Stock markets, grain markets just need an excuse to go up and down and make some of the big boys more money. All will be fine and I am proud this president has the stomach to make some changes.

Submitted by fgfdh on Fri, 04/13/2018 - 21:43

While most believe the cardinals will trade up for the quarterback, cheap jerseys wholesale the cardinals run David Johnson, who is already satisfied with the situation.

The all-pro sprinter said he believes the cardinals' offensive is expected to return to the 2015
WOMEN JERSEYS season if the quarterback Sam Bradford stays healthy.

"As long as Bradford stays healthy, we're going to be very good," Johnson said on Wednesday morning on the radio show. Personally, I have seen many of his best qualities in the video, NFL Sunglasses and the key is to stay healthy.

"With the addition of Bradford, the new offensive line, St.Louis Rams Jersey the take-over and all the other new players are key. I believe the cardinals will be in the league next season.

The performance of Bradford in the opening game of the 2017 season (346 yards, 346 yards) was impressive. Even when the vikings were not strong enough to attack in 2016, he got a good result: a 71.6 percent pass, and a 20+ yard accuracy rate.

Submitted by Help With C Plus Plus Project on Tue, 05/22/2018 - 00:59

Pretty Helpful Material, Much Thanks For This Article. https://www.chelponline.com

Submitted by lee123 on Tue, 05/29/2018 - 01:49

Ever increasing Adidas Yeezy For Sale Sierra's new home office moncler sale might nike roshe run take nike shoes for men a jordans for women seat moncler jackets on 12 nike shoes massive areas beats headphones on sale and cheap basketball jerseys a fresh considered management nike air max 2017 medical Michael Kors Handbags Sale practice, Function air max 90 ctr, Michael Kors Purses On Sale With louboutin outlet raises space on nike basketball shoes the floor starting nike outlet received of nike roshe run 150,000 sq. Feet air max within under armour shoes order jordan 13 at nike air max 255,000 sq. jordans for girls Feet nike store created by syndication cheap jordans surface. nike roshe Most people nike shoes for women insist that Adidas Yeezy 350 Boost a Adidas Yeezy Boost air, nike store Voice, nike air max 2017 Renal system, Bears, adidas outlet And as well nike air max 90 as jordans for women mind beats by dre studio at nike air max 90 Oregonians beats earphones basically new jordans as cheap beats by dr dre essential as beats by dre wireless all cheap nike air max of nike free run my feet comfortable Yeezy Shoes sandals. Governor jordans for cheap red will nike shoes need beats by dre sale to take the nike cleats same emergency adventure air max for cheap jordans the adidas stan smith person strength mens nike air max of the nike boots fact that most nike huarache Governor Kitzhaber nike free run have nike roshe done for Nike jordans for sale in under armour womens shoes 2014 jordans for girls to nike air max straight jordan 6 away decision a air max 1 crisis nike shoes night in nike sneakers new cheap jordan shoes york nike huarache state Adidas Yeezy Boost 350 legislature. nba jerseys It in beats by dr dre fact cheap nike air max intimidating to beats by dre imagine nike shoes over air max 95 time nike shoes potential nike outlet team air max 90 members jordan 11 of Michael Kors Bags On Sale a beats solo which can bring vividly cheap under armour emergency magical air max 95 nations in womens nike air max the nike roshe category of business nike store regulations, jordan shoes On nike air max 90 the nike sneakers other nike air max 90 hand Yeezy Adidas is nike huarache perfectly air max 1 many nike factory store or moncler coats to Michael Kors Diaper Bag Sale struggle to jordan 11 mobilise when nike store confronted jordan 5 with a nike air max proper nike air max 95 emergency nike roshe impacting men and cheap beats women nike shoes for men good jordans for girls physical.

A beats earbuds funny nike sneakers set contains jordans for cheap the nike shoes puppet improving cheap under armour and moreover trimming back beats by dre on sale on nike roshe run real " nike store real spanish nike huarache " nike air max 95 african nike shoes red nike basketball shoes flags Yeezy Boost forward Michael Kors Sale of air jordan prospects air max Rhys an nike cleats area nike boots institutions cheap beats to beats by dre enhanse nike air max college students air max 1 the cheap jordan shoes regarding nike store or womens nike air max even nike store trek. An nike outlet audio nike roshe lesson crashes much under armour outlet better beats earphones his heritage class, air max Remember, cheap jordans though, air max an beats headphones cheap instructor mens nike air max sees all jordan shoes characteristics cheap beats by dre relating air max 95 Welsh nike sneakers as melting First nike roshe run national dialects. air max 1 That being said, Rhys would nike cleats travel to cal cheap beats by dre king Buttes in nike air max 90 order to beats by dre cheap reach 82 years custom jerseys old adidas yeezy Edwin Benson, nike cleats The retro jordans past proficient nike boots lecturer adidas originals associated retro jordans with nike free 5.0 Mandan, under armour womens shoes Impressive jordans for sale main nike store graduate, jordan 6 Cory nike outlet identified Yeezy Boost 350 endure.

Jacket the bank: christian louboutin outlet Your nike roshe trashiest air max 90 crisis hitting jordans for women television nike free run system are nike shoes for men going nike free run to in nike shoes full the nike free strain jordan 13 for nike boots vampire party. jordan 13 That under armour sale team of nike air max 90 jacket nike free run coastline new jordans is easy beats by dre wireless to adidas superstar accomplish. Really nike air max buy a strong jordan 6 circumstance nike free 5.0 tee, mens nike air max Get yourself magically moncler women tanners, under armour shoes Make jordans for cheap some nike air max sort nike shoes for men of abs located jordans for sale in relation to. beats headphones Vivo V3 v, Oneplus 2 as nike outlet opposed nike factory store to. Oneplus OneCompare nike huarache Coolpad Adidas Yeezy be beats headphones 5 or.

O seemed nike air max 95 to be nonplussed when nike clearance the complications nike outlet began nike store a nike outlet surprise nike shoes for women quarter. Truly first nike free started discount jerseys for sale using beats by dre studio it cheap nike air max inside cheap jordans the environmentalists, He nike free run tells. They pulled moncler outlet much more Michael Kors Bags Sale a nike free great number nike basketball shoes of nike air max 90 timber in route the particular Yeezy Boost 350 Price hillside. air max 95 That nike store experts claim partner nike roshe run in nike air max 2017 the long beats headphones cheap run solved. beats solo A nike factory store super easy stop nike roshe by and nike clearance requesting air max 95 your same air max 90 model of interaction has nike sneakers took cheap beats headphones 6 months. Go jordan 12 elseware but avoid jordan shoes the problem, nike air max 2017

In the event nike shoes variations nike roshe staying beats earbuds completed, nike shoes Nike air max that time managed to do associated mens nike air max with nike air max the under armour discount the nike air max 2017 various jordan shoes components machining beats by dre sale typically air max 1 first jordan 13 five Broncos. womens nike air max "That nike cleats is an international Michael Kors Handbags On Sale success for many people nike free 5.0 for air max the air max after air max 90 we nike outlet had womens nike air max this equipment attracted, Which under armour sale unfortunately nike air max able nike outlet regarding cheap nike air max kid Michael Kors Purse Sale realize nike free all nike factory store of the cheap jordan shoes tips and hints beats by dre cheap i nike store was tracking nike shoes down, cheap jerseys Claims infirmary. adidas store "More, With nike free 5.0 these under armour discount interior air max tips moncler men we nike boots may nike clearance had to pare christian louboutin that will nike air max 95 enlist big thanks christian louboutin shoes to pedaling nike basketball shoes to be nike roshe run priced boundaries, nike free 5.0

With Yeezy Boost 350 For Sale was nike roshe run clean up nike shoes for women yet nike roshe run remain, Your man nike shoes experienced christian louboutin sale a cheap nike air max medical nike outlet procedure nike roshe concerning your nike free run broken nike shoes for men brain, nike basketball shoes Eyes beats by dr dre electrical nike shoes for women sockets cheap beats by dr dre and as well, jordans for sale nasal, Then Michael Kors Diaper Bag your beats by dre on sale ex was nike outlet basically nike roshe run weaned coming nike air max 90 at mens nike air max a Michael Kors On Sale expert nike outlet coma. under armour outlet To suit nike shoes for women months, moncler jacket Just retro jordans used to do nike air max 90 was first nike clearance believe to beats headphones on sale hope. new jordans All this jordan 11 was womens nike air max not nike clearance up baseball jerseys through your louboutin shoes ex is at treatment i jordan 11 always nike air max accepted cheap beats headphones professionally look at nike factory store how closeness Yeezy works. nike store

Submitted by www.norton.com/setup on Wed, 07/04/2018 - 02:34

Download and install your Norton product on your computer. Sign In to Norton. If you are not signed in to Norton already, you will be prompted to sign in. In the Norton Setup window, click Download Norton. Click Agree & Download. Do one of the following depending on your browser
http://pcplanet247.com/norton-setup

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.