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01-13-2017 05:32 AM |
Quote:
By Erin Voegele | January 11, 2017
On Jan. 11, China’s Ministry of Commerce announced it will subject U.S. distillers grains with solubles (DDGS) to anti-dumping and countervailing duties. According to information released by the ministry, the duties will be levied beginning Jan. 12.
Documents published by the Chinese government indicate the country’s DDGS industry requested an anti-dumping and countervailing investigation in late 2015. The investigation began in January 2016. A preliminary ruling was made in September.
In a statement, U.S. Grains Council President and CEO Tom Sleight said China’s announcement “is the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed grains and related products, specifically corn, distillers dried grains (DDGS) and ethanol.”
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This is minor unless you are an exporter of feed stock. China is going to push back. I won't be able to buy cheap crap from China. We said the same thing about Japan 40 years ago. We can buy better goods from Europe now that their money isn't worth shit. The Pound and Euro have declined 40%.
I wouldn't even compare Trumps puny business to the $18 TRILLION Dollar US GDP. In fact, The Trump Organization doesn't even make the Fortune 1000 List. Apart from that, a country's President is not at all similar to the CEO of a privately held corporation.
I am a stake holder in a country called the USA -- you are not. There are 320 million of us, and mid-term elections are 23 months away. Mr Angry Orange CEO, your first shareholder review and vote has already started. You break it you own it.
But then the Nixon presidency survived 7 years -- and America is still fucked up from it. If you hate China blame Nixon -- he opened the door of the Chinese "Pandora's Box". To this day China is still a military adversary and our USA-China trade is often adversarial too :2 cents: The Chinese will out maneuver Trump too. Remember how and why the the Great Wall of China was built and how in the end -- it didn't work. Lots of the Emperor's forced labors died and their bones are buried in that wall ... The "Great Wall" futility lives on.
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