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.
"Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels." This ability to mix the public and the private, as well as the ability to use bots to engage with users has proved to be problematic. In early 2021, a database selling phone numbers pulled from Facebook was selling numbers for $20 per lookup. Similarly, security researchers found a network of deepfake bots on the platform that were generating images of people submitted by users to create non-consensual imagery, some of which involved children. The last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.” On Telegram’s website, it says that Pavel Durov “supports Telegram financially and ideologically while Nikolai (Duvov)’s input is technological.” Currently, the Telegram team is based in Dubai, having moved around from Berlin, London and Singapore after departing Russia. Meanwhile, the company which owns Telegram is registered in the British Virgin Islands.
from jp