Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

Soybeans Play Important Role In Slump In U.S. Economy

Posted on June 11, 2019 By ann.castro No Comments on Soybeans Play Important Role In Slump In U.S. Economy

The trade war between the U.S. and China is shaking the entire global growth.

In the U.S. home prices are going down, while the household expenses are declining with debt going up and soybean faces a critical phase in the U.S.

China has been the biggest importer of the U.S. soybean, but now with the tariff war, it has stopped its purchase of the crop. Farmers in America are being affected by poor sales in their crop.

Chin has been growing poultry, beef, and pork. Now, its meat production has surged almost 250 percent from what it was in 1986 to the current production. But the animal feed has not improved in China. It depended on soybeans from the U.S. and Brazil for its animal feed.

The U.S. has been exporting soybean amounting to $21.4 billion, while Brazil has been exporting $25.7 billion worth of soybean to China in 2017. Soybean became the second-most valued export product to China.

But with the trade war, China has imposed 25 percent tariffs on the soybean imported from the U.S. The exports from the U.S to China on an average for three years were stated to be around 29 million metric tons soybeans. But with the trade war, the U.S. has exported only 5.9 million metric tons to China.

This is one of the reasons why China has chosen to place tariffs on soybeans first, to lobby the Trump administration. President Trump is, however, softening the blow by offering $28 billion as an aid to farmers.

However, the protectionist trade policy held by the U.S. is feared by economists, to cause another trade recession by the end of next year.

Reports from the National Association for Business Economics has stated that trade protectionism is causing a surge in recession fear in the economy.

The U.S. President has disrupted global trade, especially with countries like Europe, China, Mexico, and India.

Top Stories Tags:Soybeans Play Important Role In Slump In U.S. Economy

Post navigation

Previous Post: SEC Probes GE, Siemens, and Philips Over Medical Equipment Scheme Involving China
Next Post: Google Cites Huawei Ban As A Threat To US Security—Report

Related Posts

Deportation Concerns Increases Poor Sleep, Anxiety Among Youth Top Stories
Around 5000 Jobs To Be Sliced By Jaguar Land Rover Business
youtube-marketing Southwest Airlines Say Shutdown Cost Them $60mn, Cuts Estimates Top Stories
New Anti-Cancer Drugs Target Mitochondrial Enzyme For Blood Cancer Therapy Health
Porsche Taycan Users To Get 3 Years Of Charging For Free Business
Another Leak At ISS, Non-Dangerous But A Bit Messy One Science

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme