XIAOWUSILI, China — For all its economic might, China hasn’t been able to solve a crucial problem.
Soybeans. It just can’t grow enough of them.
That could blunt the impact of one of the biggest weapons the country wields in a trade fight with the United States.
Beijing placed a 25 percent tariff on American soybeans last week in retaliation for the Trump administration’s levies on Chinese-made goods. Last year, soy growers in the United States sold nearly one-third of their harvest to China. In dollar terms, only airplanes are a more significant American export to China, the world’s second-largest economy.
Source: China’s Taste for Soybeans Is a Weak Spot in the Trade War With Trump – The New York TimesMay
David Lindsay: Maybe. Here are the three most recommended comments, that doubt some of what this article says:
“Supporters of the Chicago Stock Exchange proposal said it could help bring more Chinese companies to United States financial markets. And it would also have helped revive a marketplace where activity was dwindling. The Chicago Stock Exchange handles only a small fraction of the stock trades that take place every day.”
Source: S.E.C. Blocks Chinese Takeover of Chicago Stock Exchange – The New York Times
DL: This deal was approved by the SEC under Barak Obama. It was approved by the staff of the SEC. The new Trump head of the SEC has terminated against the advice of the SEC staff. Make America Great Again continues to hold us back. These are the same idiots who cancelled the US participation in the TPP, the Trans Pacific Partnership.
By Erin Ailworth Jan. 6, 2018 7:00 a.m. ET 21 COMMENTS
“A dispute over the alleged theft of wind-turbine technology is slated to go to trial in Wisconsin on Monday in a test case for intellectual-property battles between the U.S. and China. Federal prosecutors accuse Chinese wind-turbine maker Sinovel Wind Group Co. Ltd. of stealing the source code for software that controls wind turbines from American Superconductor Corp. AMSC 6.64% , a Massachusetts-based engineering company that once counted Sinovel as its biggest customer.
The trial in U.S. District Court for the Western District of Wisconsin could result in billions of dollars in fines for Sinovel, which has previously denied wrongdoing.
Prosecutors in 2013 indicted the company, along with two of its executives and an American Superconductor employee, on criminal charges of stealing trade secrets.
John W. Vaudreuil, then U.S. Attorney for the Western District of Wisconsin, called it “nothing short of attempted corporate homicide.” ”
Source: Trial Over Theft of Wind Technology Spotlights U.S.-China Tensions – WSJ
Ouch. Here is the top WSJ comment, which I endorsed, even though its tone is harsh.