Trump's New Tariff Man: Negotiation Before Trade War??
Trump's New Tariff Man: Negotiation Before Trade War??  
Podcast: Grain Markets and Other Stuff
Published On: Wed Nov 20 2024
Description: Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 New Tariff Man3:05 Xi, Brazil, Farm Trade4:55 Brazil Crop Estimates8:23 Russia Update9:59 US Ethanol Exports🚨 Major Shifts in Global Trade and Leadership 🚨🇺🇸 Donald Trump Appoints Howard Lutnick to Lead Commerce DepartmentDonald Trump has selected Howard Lutnick, the Chairman and CEO of Cantor Fitzgerald, to head the Commerce Department. Known for his strong stance against the outsourcing of American jobs, Lutnick is expected to play a key role in implementing Trump’s tariff and trade policies. Trump's agenda includes a 10-20% tariff on all imports and a 60% tariff on imports from China 💼🇨🇳. He is also considering raising tariffs on imported cars from Mexico and countries that stop using the US dollar 🚗💰.🌏 China Urges for Peace and Stability in Global TradeDuring the G-20 and APEC summits, Chinese President Xi Jinping emphasized the importance of peace and avoiding extreme trade measures that could disrupt global trade 🚢⚖️. Xi expressed concerns about the economic repercussions of Trump's tariff plans, particularly regarding the potential for other countries to adopt similar policies 🌍. Meanwhile, Brazil is gearing up for agricultural trade deals with China, expected to include fruit, beef, and pork 🌱🍖.🇧🇷 Brazil’s Soybean Industry on Track for Record Crop 📈Brazil’s soybean crop is expected to hit record levels this season, with projections from the Brazilian Association of Vegetable Oil Industries estimating a crop size of 167.7 million metric tons (mmt), a 9.4% increase from last year 🌱. Exports are projected to reach an all-time high of 104.1 million metric tons, driven by a boom in soybean crush, which is set to rise 4.6% this season 🌾💥.⚔️ Ukraine-Russia Conflict EscalatesThe ongoing war between Ukraine and Russia continues to intensify, with Ukraine striking a Russian military facility after being approved to use US-supplied long-range missiles. In response, Vladimir Putin updated Russia’s nuclear policy, stating that Russia would use nuclear weapons if Ukraine attacks Russian territory with Western-supplied weapons. The situation remains volatile, with Donald Trump suggesting he could push for peace talks once back in the White House 🕊️💣.🌾 US Ethanol Exports Reach New Heights 🚜US ethanol exports are on track to set an all-time high, with a record 29.6 million barrels exported in the first eight months of this year 📊. The increase in exports comes as a result of last year’s record corn crop 🌽, leading to a decline in corn prices and making US ethanol more competitive globally 🌍. Production is also at a record pace, with daily production averaging 1.046 million barrels per day ⛽.🔔 Stay Updated & Subscribe!Don't forget to LIKE 👍, SUBSCRIBE 🔔, and drop your thoughts in the COMMENTS below! Let’s keep the conversation going on these major global developments 🌎💬!