Trump claims victory in China trade war
Let 'Napoleon Bonaparte' rescue Kurds
NEW YORK (AFP) – Saying China has promised to buy up to $50 billion in US agricultural products, President Donald Trump is encouraging American farmers to prepare for a major influx of business.
But after months of losses and uncertainty amid the trade war Trump launched, many in the farm sector say they need more detail before they pop the champagne corks.
Shortly after announcing that a trade deal had been reached in principle between the world's two leading economies, the president even jokingly suggested on Twitter that farmers ''start thinking about getting bigger tractors!''
But on Monday, the country's biggest agricultural federation, the Farm Bureau, told AFP it was awaiting more concrete information on the tentative deal with China, which negotiators are continuing to finalize.
And Roger Johnson, president of the National Farmers Union (NFU), said that ''while we are glad to see a detente in this seemingly endless trade war, the tangible benefits to American family farmers and ranchers are unclear.''
''Over what timeframe will the $50 billion of agricultural purchases -- an amount that is double our peak annual farm exports to China -- take place?'' he asked in a statement on Friday.
At their peak in 2012 and 2013, when a drought in the US had sent the prices of agricultural commodities to record levels, exports to China reached no higher than $26 billion.
China's imports of US farm goods fell in 2017 to $19.5 billion, before dropping sharply last year to just over $9 billion after Beijing imposed burdensome taxes on US imports in retaliation for similar US measures.
''From the very beginning of the trade war, farmers have been promised that their patience would be rewarded,'' Brian Kuehl, co-executive director of Farmers for Free Trade, said in a statement. ''To date, the deal they've been promised has not come.''
The Trump administration has released $28 billion in financial aid to American farmers to soften the blow from the Chinese tariffs, but there is no mention in the trade deal of China lifting its existing tariffs.
''Farmers in Wisconsin, Minnesota, Texas and elsewhere will still wake up facing double-digit tariffs into one of America's largest export markets,'' Kuehl said.
At the Chicago Mercantile Exchange, where brokers bet on trends in the prices of farm products, the market was far from euphoric.
Soybean prices were up just 0.5 percent on Monday, even though American producers of oilseed products would be among the first to benefit from a surge in Chinese orders.
To compensate for losses from the African swine fever epidemic, China has greatly boosted its pork orders in recent weeks, while ordering around 3.7 million tons of soybeans during the month of September.
WASHINGTON (AFP) – Donald Trump suggested Monday that Syria's formerly US-allied Kurds could look to 19th century French emperor Napoleon Bonaparte for protection after the US president ordered the departure of nearly 1,000 US troops from the country.
Turkey was threatening to invade northeastern Syria after launching a military assault on the Kurds last week, leaving more than 300 dead on both sides and sending 160,000 refugees fleeing.
''Anyone who wants to assist Syria in protecting the Kurds is good with me, whether it is Russia, China, or Napoleon Bonaparte. I hope they all do great, we are 7,000 miles away!'' Trump wrote on Twitter.
He defended his weekend order to vacate northeastern Syria and abandon the Kurds, saying that the US mission to defeat Islamic State in the region had been achieved ''100 percent.''
The president said Syrian President Bashar al-Assad should defend the region.