China has stopped buying soybeans from the US. They now mostly buy from Brazil and Argentina. Then peculiarly, for some reason, the US has just bailed out Argentina after its economy collapsed yet again. Yeah, it doesn't make sense.
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| Source: NY Times |
This is turning out to be massive act of self-harm committed by the Trump administration, but they don't appear capable of admitting they got it badly wrong with these ridiculous tariffs.
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