The United States did not export soybeans to China this September amid the trade war. This is the first time since November 2018 that China declined to purchase from the US. Distrust has peaked and neither nation will rely on the other for essentials. Chinese tariffs on US agricultural goods are now around 34% when factoring in VAT and MFN duties. American farmers who heavily relied on Chinese demand are currently harvesting 4.3 billion bushels with few available buyers.
The United States did not export soybeans to China this September amid the trade war. This is the first time since November 2018 that China declined to purchase from the US. Distrust has peaked and neither nation will rely on the other for essentials. Chinese tariffs on US agricultural goods are now around 34% when factoring in VAT and MFN duties. American farmers who heavily relied on Chinese demand are currently harvesting 4.3 billion bushels with few available buyers.
As the war in Ukraine rages, the messaging app Telegram has emerged as the go-to place for unfiltered live war updates for both Ukrainian refugees and increasingly isolated Russians alike. "There is a significant risk of insider threat or hacking of Telegram systems that could expose all of these chats to the Russian government," said Eva Galperin with the Electronic Frontier Foundation, which has called for Telegram to improve its privacy practices. Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. "Your messages about the movement of the enemy through the official chatbot … bring new trophies every day," the government agency tweeted. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open.
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