China
“In the last 2,500 years, every Chinese government that has fallen, has fallen over food,” says Kuehl, Armada chief economist. “They need those import markets—be it from the U.S, Canada, Brazil or Australia.”
Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund (IMF) forecast.
Chinese theft of U.S. intellectual property has also hit the agricultural sector.
Imagine if the average Chinese person were to consume just a single pound of U.S. beef per year.
At least two ships loaded with sorghum have changed course while sailing across the Indian Ocean after China imposed a hefty tariff on U.S. supplies this week
Have the Pacific Coast port bottleneck issues been resolved, or moved somewhere else? The East Coast may now be carrying the burden.
While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.
USDA will release an updated look at U.S. crop yields on Monday. After Pro Farmer’s corn yield estimate last month, the expectation is USDA will cut the corn yield, but there’s another major question some watching.
Do tariffs fuel inflation? John Phipps’s Customer Support segment explains why economists have struggled to come up with estimates of economic effects due to lingering COVID influence on world business.
Fufeng Group recently bought 300 acres of land in North Dakota and the proximity to a U.S. military base has many concerned. But this isn’t the first time questions have been raised about China’s stake in the U.S.