Trade War Nightmare: China Farm Imports From America Have Just Crashed  | WHAT REALLY HAPPENED


Trade War Nightmare: China Farm Imports From America Have Just Crashed 

The Ministry of Agriculture and Rural Affairs of the People's Republic of China published new data Monday that shows agricultural imports from the US have fallen, as Chinese buyers shift supply chains out of the US to other countries because of the deepening trade war.

In the first five months of 2019, imports of agricultural products from the US crashed 55.3% YoY. Much of decline was due to a 70.6% YoY decline of soybeans in the same period.

Chinese importers went to Brazil, Argentina, and ASEN countries (Thailand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Brunei, Myanmar (Burma), Cambodia, and Laos). Data showed imports from the EU, Australia, and Canada also jumped in the first five months as Chinese buyers ditched American products.

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