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AlterNet

Trump’s 'strategic breakthrough' with China smells like 'collapse: analysis

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  • Natalie Winters, co-host of "War Room," argues that China's decision to reduce its embargo on US soybean farmers is a "symbolic gesture" that distracts from Beijing's long-term advantages, including a growing monopoly on rare earths, with China controlling 60-70% of global rare-earth mining.
  • Despite the recent deal to loosen the Chinese lock-out of American soybeans, US soybean exports to China remain down roughly 99% from historical levels, with China on track to register its lowest share of US soybean exports since 2002, according to Winters' analysis in The American Conservative.
  • Farmer and rancher John Boyd, founder of the National Black Farmers Association, criticizes Trump's handling of the trade war, saying "This president sold America's farmers out," as China continues to accumulate leverage, including a near-monopoly on global rare-earth processing and refining capacity, giving Beijing significant influence over the global supply chain.
Read original article at alternet.org