Posted by MarkB_MI on April 17, 2018 at 09:16:45 from (198.208.47.95):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
Just a comment on why China bought Smithfield and has been investing a lot of money in the US. When a country runs a long-term trade surplus with another country, sooner or later there is a day of reckoning, when the country with the surplus ends up with all the other country's money. In order to sustain a surplus, that cash has to get back where it came from. In the case of China and the US, China is using its dollars to buy companies and real estate in the US. Smithfield is a natural choice, since it produces a product for which there is high demand in China; not only can it use its surplus dollars to buy the company, it can use dollars to buy the company's products. And then use the profits to acquire more US assets.
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