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Filtering by entity: Our Farmers | Clear Filter
Summary:Soybean farmers are facing difficulties because China is not purchasing their products for negotiation reasons. The author states that tariff revenue will be used to support farmers. The author claims President Biden failed to enforce a prior agreement with China regarding the purchase of U.S. farm products, including soybeans. The author expresses confidence that the situation will resolve positively and announces an upcoming meeting with President Xi in four weeks, where soybeans will be a primary topic of discussion, with the aim to restore the prominence of soybeans and other row crops.
Sentiment:Campaigning
Key Claims:
- Soybean farmers are currently experiencing financial hardship due to China's strategic decision to withhold purchases for negotiation purposes.
- A portion of the revenue generated from tariffs will be allocated to assist farmers.
- The author commits to never failing the farmers.
- President Joe Biden did not uphold a previous agreement with China, which stipulated the purchase of billions of dollars of U.S. farm products, specifically soybeans.
- The current situation is expected to resolve favorably.
- Farmers are considered patriots.
- A meeting with President Xi of China is scheduled to occur in four weeks, with soybeans being a central focus of the discussions.
- The objective is to restore the significance and success of soybeans and other row crops.
Potential Market Impact (S&P 500):4/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:3/10
Summary:Canada has announced a Digital Services Tax on American Technology Companies, which the post describes as a direct attack and a copying of the European Union's actions. As a consequence of this tax, all trade discussions with Canada are terminated immediately, and the United States will inform Canada within seven days of the new tariffs they will be required to pay for business with the United States.
Sentiment:Retaliatory
Key Claims:
- Canada is a very difficult country to trade with.
- Canada has charged American farmers 400% tariffs on dairy products for years.
- Canada announced a Digital Services Tax on American Technology Companies.
- The Digital Services Tax is a direct and blatant attack on the United States.
- Canada is copying the European Union, which has implemented a similar tax and is in discussions with the United States.
- All trade discussions with Canada are terminated immediately due to this egregious tax.
- The United States will inform Canada of the tariffs they will pay to do business with the United States within the next seven-day period.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:7/10
Potential Global Cross-Asset Impact:7/10
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