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One important thing people miss is that majority of US exports are commodities. Take soybeans for example. Global soybean market has supply and demand balanced.
by anilshanbhag 8y ago
One important thing people miss is that majority of US exports are commodities. Take soybeans for example. Global soybean market has supply and demand balanced. US exports largely to China and Brazil to Europe. Now, due to tariffs China has started buying from Brazil leading to spike in Brazilian soybean and fall of US soybean price. Supply gets re-routed and market comes back to normal. China on the other hand exports finished goods which can't be re-routed. The larger players in the market know this - the Shanghai index is at a 3 year low which the Dow is at an all time high.
- yread 8y ago> majority of US exports are commodities [citation needed] according to this (based on CIA factbook 2017) commodities as <15% http://www.worldstopexports.com/united-states-top-10-exports/ http://www.worldstopexports.com/united-states-top-10-exports...
- ameister14 8y agoThe Shanghai Composite Stock Index or Containerized Freight Index?
- Nokinside 8y agoThis is totally incorrect. (unless your measure stick is tonnage and not the value)