Trump's China Tariffs Sending BILLIONS To Russia

18 May 2018 11:12 1,142
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Trump is really doing Russia a solid here. Nice guy! Cenk Uygur, host of The Young Turks, breaks it down. To get even more TYT in your life, go to https://TYT.com/app and download our free app!

Read more here: https://www.rawstory.com/2018/05/china-nearly-triples-purchases-russian-soybeans-us-farmers-suffer-trumps-trade-war/

“Russians are benefiting from President Donald Trump’s trade dispute with China while U.S. soybean farmers are suffering from lost sales.

Bloomberg reported on Thursday that China nearly tripled its purchases of Russian soybeans, setting a record.

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.

Meanwhile, China has reportedly stopped buying U.S. soybeans after Trump announced tariffs on Chinese steel.

“Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder told Bloomberg last month. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.””*

Hosts: Cenk Uygur

Cast: Cenk Uygur

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)

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