American farmers are going to be feeling the very real effects of Donald Trump’s ill-advised trade war sooner than later as China begins placing massive soybean orders with other countries. From Bloomberg:
China, the world’s biggest soybean importer, almost tripled purchases from Russia amid a trade dispute with the U.S., the biggest producer.
Russia sold about 850,000 metric tons of soybeans to China from the start of the 12-month season in July through mid-May, according to Russia’s agriculture agency Rosselkhoznadzor. That’s more than during any season before and compares with about 340,000 tons sold during all of the previous period, Chinese customs data show.
Once again, Donald Trump has taken an action that is directly benefiting Vladmir Putin and the Russian people. Why? Putin’s gamble to boost the Trump campaign and keep Hillary Clinton out of the Oval Office is paying off nicely.