China: Asked State Buyers To Stop Agricultural Imports From The US

fyi. china russia india vietnam thailand have inked agricultural deals. it's also as you say, stupid that australia is not inking one. given that it is facing a looming recession by siding with the US. plus the fact that aussie managed to escape the previous gfc solely because of china.

It will shake Trump's voting figure for upcoming election. Short term loss for China, there are bunch of alternatives at cheaper rate.

It's the most stupid thing China is doing ever. China will be the one in need of supplies not EUA. China currency will dive.

RAISE TARIFFS to 50%. Make low quality chinese junk so expensive nobody will buy them.

There are NO Winners in this Sino-US 21st Century - Super Power..Tariff Trade War confrontation.
The game isnt a Last Man Standing game. Last Man Standing is a preNuclear concept.
The current Sino-US trade conflict, should it develop into a full blown trade war .. which Mr Trumps simplistic aggressive "Art of the Deal" mantra, and diplomatically & culturally insensitive negotiation style with the Chinese is beginning to make inevitable..
.. will be a War of Attrition Game.
In almost every other scenario the US would emerge as least damaged (suggesting a relative US win?)
But NOT in this. In the Geopolitical economic War of Attrition Game now emerging - TIME is the critical issue.
And TIME is NOT in US side. Its on Xis side.
Think it through.. Why I believe this isnt a smart policy.. for US or its trade allies.
Just a Thought.

Yeah, we'll be paying farmers again for crops they can't sell and to keep their fields empty. I'm sure they're happy they voted for Trump. And I hope they don't get mad when people start referring to them as welfare queens.

cant wait for trumps response, market will collapse!

Further spikes in Gold can't be filled out now.....

Why not go all the way to 200% no need to be shy

Only Looser is AUD

what may be positive news for JPY pairs

lol foody, he probably will

as for the chinese currency taking a dive, that's what they want

trumps ego will not let him back down.

hope usd will down after this

China is already in decline. Once a bear market hits it builds momentum. Time is not on China's side. Its already over.

China move could hurt Trump Re- Elected bid and that's just Their target, another President with another Proposal to solve the rift!

The pharaoh thinks that him higher of the sun,
the whole world's gone crazy!

China will win this Trump will have to U-turn he'll have little choice he answers to the American people where he needs to get re-elected. China is turning the screw on his supporters

At this rate, its in and out of the market,

China only hurts itself.
US will take care of Farmers impacted.
China's Hog population with huge losses from African Swine fever. US has plenty of Pork.
US Farmers can plant other crops and the loss of production from heavy spring rains will affect total available for market.
US also does more trade with Mexico and Canada then it does with China.
The fall in Yuan is only going to cause other Exporter Nations more pain and China is not going to be very popular going forward.

add: Unlike financial markets which run on CB click of the button, and this will come as a shock to those who do not know which end of the screwdriver does the work, you can not print up food. Food replicators are still the realm of Science fiction.