https://twitter.com/JavierBlas/status/13...9351024641

Quote:China imported a record amount of US crude oil in September (just under 1m b/d), turning America into its 4th largest supplier (after Saudi Arabia, Russia and Brazil, and ahead of traditional suppliers like Iraq and Angola)

US Claims China Meeting Trade Deal Targets

Quote:The US Trade Representative and Department of Agriculture on Friday said China had made progress towards meeting key parts of the "phase one" deal signed earlier this year to calm their trade war.

Washington and Beijing engaged in a months-long trade war starting in 2018 until the deal reached in January marking a partial truce, which obligated Beijing to import an additional $200 billion in American products over two years, ranging from cars and machinery to oil and farm products.

n its statement, the government said China had already bought 71 percent of its target for agricultural purchases under the deal, amounting to $23 billion.

"Since the agreement entered into force eight months ago, we have seen remarkable improvements in our agricultural trade relationship with China, which will benefit our farmers and ranchers for years to come," US Trade Representative Robert Lighthizer said.

The statement said corn sales had hit a record high of 8.7 million tons, soybean sales for the 2021 market year were double the levels of 2017, pork exports hit a record level in the first five months of the year and beef sales through August are triple those of 2017.

The government also expects record or near-record sales in pet food, alfalfa hay, pecans, peanuts and prepared foods.

Oh, the winning.

Exhausting.

If the press were fair this would be front page, above the fold, in every paper and lead every news segment. Nothing really helps the economy more than imported cash, or a lessening of exported cash.

(10-26-2020 12:29 PM)banker Wrote:  If the press were fair this would be front page, above the fold, in every paper and lead every news segment. Nothing really helps the economy more than imported cash, or a lessening of exported cash.

Two most important lessons in life.

1 - Diet: Burn more calories than you take in
2 - Profit: Spend less money than you earn


Two concepts so simple yet so misunderstood by so many.

This story won’t see the light of day. Joe’s Chinese handlers are going to be pissed.