China Puts U.S. Soybean Farmers on Alert, Bans Import of U.S. Grown Soybeans
China is responding to the United States’ trade war by banning the import of soybeans grown by U.S. farmers into the Communist country. American farmers have been officially warned that they and the American consumer will suffer under this trade war and fare much worse than the Chinese government.
Russian soybeans will replace those previously supplied by the U.S. to China. China boosted the import of American soybeans as a goodwill gesture when the leaders of the two countries agreed to halt the tariff hikes late last year. Back then, the move provided some relief to a significant part of Trump’s voter base, the American farmers, who are struggling to find buyers for their massive harvest.
Soybeans Pile Up As Farmers Hope Trade War Ends SOON
The renewed Chinese ban will hit them hard, given that soybean futures have recently slumped. And a majority of American farmers are already in a precarious situation.
The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle
There is no reprieve in sight for the American farmer. According to Bloomberg, the Chinese state-owned grain buyers don’t expect that the order to continue the purchasing soybeans from the U.S. will come any time soon. China’s move will further drive U.S. grain prices down further indebting already borderline bankrupt farmers. Soybean and corn futures plummeted to the lowest price in more than 40 years at the beginning of May, even before president Donald Trump raised tariffs on another $200 billion in Chinese goods from 10 percent to 25 percent and threatened to expand the trade war to all Chinese imports. Since then, crop prices have been slightly recovering.
The U.S. government’s interference in the free market could soon plunge the country into a difficult food crisis. It’s no longer a trade war, but a war on food. For those who assume the trade war won’t affect them if they only buy American: hopefully, prices of food won’t surpass your income because a couple of dictators refuse to allow a free market. Last we checked, all humans still have to eat to survive.
Start storing extra food, canned goods are an excellent option, and save a little extra money in your bank account. This trade war could drag out, but that’s an even bigger reason to be prepared. As this trade war drags on, it will affect us all to an even greater extent than it already has.
Financial Crisis: The Trade War Cost AMERICANS $1.4 Billion PER MONTH Last Year
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: https://www.shtfplan.com/headline-news/china-puts-u-s-soybean-farmers-on-alert-bans-import-of-u-s-grown-soybeans_05312019
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).