As predicted, US soybean exports surged last quarter in an effort to beat Chinese
retaliation to Trump’s trade war (artificially inflating economic growth
figures), and have now plummeted 97% as a result.
China is weaning themselves off US soybeans, consistent with the broader global trend away
from the US.
Combined with the ongoing drag of Trump’s trade war and the
inevitable weakening of the impact of Trump’s spending spree, the US’s current
binge can’t go on much longer. The hangover is coming.
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