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Comments by "" (@TheDavidlloydjones) on "U.S. Soybeans Caught in the Cross Hairs of Trade war" video.
That's OK. The way Trump and company are making war on the US economy, pretty soon Americans won't be able to afford beef. Think of soybeans as your gluten-free gluten for manufacturing mock chicken, fake hamburger, and the rest of the Trump Diet(tm.)
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China has mandated a 50% cut in the soybean ration of domestically raised hogs. Their scientists believe they can cut it by 82% without harm. And alternate suppliers? Henry Kissinger brought the Brazilian soybean export industry into existence in 1972. He and Nixon threated Japan with a ukase on American soybeans for Japan through pique at a single Japanese UN vote they didn't llike. At the time soybeans were were more for tofu than for hog finishing, so the Japanese naturally took this as an extreme insult, a threat to hearth and home sort of thing. Japan was in heavy financial surplus at the time, so they just shrugged and directed some of their fire-hose of cash from US Treasuries into Brazilian soybean farms, processors, and infrastructure. Being a schoolyard bully is never a good long-run plan.
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