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Tariffs helping to cause inflation...
HoustonHusky
Member Posts: 5,999
in Tug Tavern
https://www.zerohedge.com/news/2019-08-29/ive-never-seen-anything-china-reels-pork-prices-explode-record-levels
The 27% surge in pork prices - a core component of the Chinese CPI basket - lifted the headline inflation index by 0.59%. It could not have come at a worse time: due to the trade war between the US and China, Beijing's tariffs on U.S. pork have increased prices of American meat.
Traditionally, Chinese people typically eat far more pork than other meat; in fact China is the single biggest consumer of pork in the world. However, a customer at a wholesale market in Beijing told the WSJ her family was now eating more chicken than pork. Indeed, as pork prices rise to levels that are prohibitively high for many, consumers are changing their buying habits, pushing up prices for other meat. Chicken breast is about 20% more expensive than a year ago, while duck breast has nearly tripled in price to 14,600 yuan (US$2,125) a tonne, making duck farmers into overnight millionaires.
Comments
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You think the tariffs are to blame for swine flu which is raging in China? Wow...
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The tariffs caused the typhus and plague in CD's backyard.GDS said:You think the tariffs are to blame for swine flu which is raging in China? Wow...
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Keep rooting for the away team. You do know that the internet has more than Hardcore Husky? You should try it out sometime. Enter pork African swine fever in this search engine called "Google". Then get back to us with your apology. Tariffs will impact US prices. In this case, you are either being used or being stupid. Try to avoid both. If you don't think that we should have fair trade with China and that we should allow their continued intellectual property theft. Then just say so. I don't. Trump doesn't. Every dem presidential candidate does. Pick a side. I usually go with the home team.
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No fucktard. I said "helping". As does the article. You going HondoFS on us?GDS said:You think the tariffs are to blame for swine flu which is raging in China? Wow...
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"going"? More like, or maybe I should say, exactly like "gone".HoustonHusky said:
No fucktard. I said "helping". As does the article. You going HondoFS on us?GDS said:You think the tariffs are to blame for swine flu which is raging in China? Wow...
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The tariffs in 2016 must have really been a kick in the balls.
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Nobody noticed the graph is about Chinese porking?
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The rise is Chinese pork prices is because they are eventually going to have to cull 80% of their pigs. Tangentially that’s also what’s allowing them to essentially cut off all us soybean purchases. The double whammy with tariffs is what is killing US farmers.HoustonHusky said:
No fucktard. I said "helping". As does the article. You going HondoFS on us?GDS said:You think the tariffs are to blame for swine flu which is raging in China? Wow...
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GDS said:
The rise is Chinese pork prices is because they are eventually going to have to cull 80% of their pigs. Tangentially that’s also what’s allowing them to essentially cut off all us soybean purchases. The double whammy with tariffs is what is killing US farmers.HoustonHusky said:
No fucktard. I said "helping". As does the article. You going HondoFS on us?GDS said:You think the tariffs are to blame for swine flu which is raging in China? Wow...
Buy buy buy -
Saw lots of cheap pork in the stores week! Ribs on the smoker!
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Way to bury the lead. The rise of the duck farmer is the real story here. The only winner in the tariff war of attrition.
