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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (199284)6/16/2019 9:02:37 AM
From: Elroy Jetson1 Recommendation

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  Respond to of 205449
Agricultural products from the US land raw materials like steel from China are pretty fungible.

The immense firms Cargill and Louis Dreyfus buy and process soybeans in both America and Brazil, so it's inevitable American soybeans continue to flow to China.

The diversion just means more costs, and thus lower prices for US farmers.

The largest American pork grower and processor, Smithfield Foods, based in Smithfield, Virginia was bought by WH Group of China in 2013 for $5 billion and has huge operations in Mexico as well.

If Smithfield can't sell US pork in China due to tariffs, they will be selling them the pork from their Mexican farms, along with Mexico's largest pork producer, Granjas Carroll. -

Trump eliminated steel and aluminum tariffs on Canada provided they institute tracing to avoid these metals from China from being sold in the US as Canadian, but like soybeans and pork, it won't be possible to completeley eliminate this.

To: t4texas who wrote (199284)6/16/2019 12:58:40 PM
From: JimisJim2 Recommendations

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Elroy Jetson

  Read Replies (1) | Respond to of 205449
Yes, my 1st cousin grows 1,600 acres of beans and 1,200 acres of corn in SW Ohio. He’s losing his ass in this tariff tit-for-tat and gets a fraction for his beans of what he got 2-3 years ago. Weather in Ohio didn’t help. He is not winning in this trade war.