Posted by NY 986 on June 23, 2018 at 10:29:43 from (184.53.49.201):
In Reply to: TRADE WARS posted by Al Baker(pumpman) on June 23, 2018 at 10:15:27:
The government imposing the the tariff collects the tariff fee as I understand it. As far as the US government goes that money will disappear into a black hole of projects designed to court blocks of voters. I have not bought a durable part (steel made) since the fur got flying in the last couple of weeks but expect parts and whole goods prices to rise before too long. The small bit of good news is the local elevator claims a lot of its soybean volume does not go to China so in theory there should not be a big smack upside the head in negative basis. Further, I have heard there will be a lot of third party handling in terms of soybean shipment to China so on the surface they are not "American" soybeans. We will have to see what the reality turns out to be. I know we are not supposed to speak political names here but I think this is all being done by the US government to force the Chinese to the bargaining table. I think that the Chinese have more to lose under current circumstances so they will blink first. Again, we shall see.
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