President Trump hits back at China with tariffs

[Cellblock2429]

US proposes extra tariffs on $50B in Chinese products to protest tech theft

Awesome! Kick some ass President Trump!

/——-/ Breaking: @realDonaldTrump The United States hasn’t had a Trade Surplus with China in 40 years. They must end unfair trade, take down barriers and charge only Reciprocal Tariffs. The U.S. is losing $500 Billion a year, and has been losing Billions of Dollars for decades. Cannot continue!

only a fucking 3rd grader would think the fact we do not have a surplus means it is unfair. Tell me cellblock, do you have a deficit or a surplus with your local grocery store? I am betting you have a 100% deficit with them.

/-----/ Do you factor Lost Leaders into your stupid, meaningless analogy? Do you factor in cents off coupons in your stupid, meaningless analogy? I was a sales rep for Fortune 50 Companies that sold wholesale to grocers. Your knowledge of the grocery industry can't fill a thimble.
What Are Loss Leaders In Grocery Stores? - CulinaryLore.com

You are correct, I have little knowledge about the grocery industry, and I am ok with that fact.

Though those 2 years I spent as a WalMart shift manager I learned a shit ton about loss leaders, as WalMart is the king of that tactic.

But as usual, the point went flying over your head.

I could use your grocery store, your BestBuy, or Walmart or any other place that you give money to in exchange for goods or services...you have a trade deficit with each and everyone of them. When you worked for you Fortune 50 company, they had a trade deficit with you, they gave you money and you never once gave them any money back, just your time and effort.

/----/ I place a value on my time and effort, so it was an even exchange of an intangible (my work) and tangible (a box of Tide that was a net loss for the store plus an additional discount from a cents off manufacturer's coupon.)
As an example, the store bought a box of Tide detergent for $5.25 plus another 10 cents for labor and transportation from their warehouse then marked it down to $4.99 as a lost leader. (they lose 36 cents on each box) I took the money I earned and bought the Tide. I used a $1 off manufacturer's coupon to reduce my cost to $3.99 that the store paid $5.35 for. So is that a trade deficit or surplus using your stupid, meaningless analogy?

 

[eagle1462010]

If protectionism doesn't work...........Why is China using it..................And if it fails..........why are they the largest economic growth country in the world............

boogles the mind.

Let's try your "logic" with this and see if you still find it compelling?


If socialism doesn't work...........Why is China using it..................And if it fails..........why are they the largest economic growth country in the world............

They are a State Run country.............doesn't mean it's really socialism..........In regards to economic growth.........cheap labor low EPA regulations and a laundry list of violations under the WTO..............

See thread and those abuses ..............

 

[EvilCat Breath]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

 

[eagle1462010]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

 

[Harpy Eagle]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Do you think that the market in Europe is as large on the one in China?

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

 

[TomParks]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Another sky is falling moment.....

 

[Harpy Eagle]

US proposes extra tariffs on $50B in Chinese products to protest tech theft

Awesome! Kick some ass President Trump!

/——-/ Breaking: @realDonaldTrump The United States hasn’t had a Trade Surplus with China in 40 years. They must end unfair trade, take down barriers and charge only Reciprocal Tariffs. The U.S. is losing $500 Billion a year, and has been losing Billions of Dollars for decades. Cannot continue!

only a fucking 3rd grader would think the fact we do not have a surplus means it is unfair. Tell me cellblock, do you have a deficit or a surplus with your local grocery store? I am betting you have a 100% deficit with them.

/-----/ Do you factor Lost Leaders into your stupid, meaningless analogy? Do you factor in cents off coupons in your stupid, meaningless analogy? I was a sales rep for Fortune 50 Companies that sold wholesale to grocers. Your knowledge of the grocery industry can't fill a thimble.
What Are Loss Leaders In Grocery Stores? - CulinaryLore.com

You are correct, I have little knowledge about the grocery industry, and I am ok with that fact.

Though those 2 years I spent as a WalMart shift manager I learned a shit ton about loss leaders, as WalMart is the king of that tactic.

But as usual, the point went flying over your head.

I could use your grocery store, your BestBuy, or Walmart or any other place that you give money to in exchange for goods or services...you have a trade deficit with each and everyone of them. When you worked for you Fortune 50 company, they had a trade deficit with you, they gave you money and you never once gave them any money back, just your time and effort.

/----/ I place a value on my time and effort, so it was an even exchange of an intangible (my work) and tangible (a box of Tide that was a net loss for the store plus an additional discount from a cents off manufacturer's coupon.)
As an example, the store bought a box of Tide detergent for $5.25 plus another 10 cents for labor and transportation from their warehouse then marked it down to $4.99 as a lost leader. (they lose 36 cents on each box) I took the money I earned and bought the Tide. I used a $1 off manufacturer's coupon to reduce my cost to $3.99 that the store paid $5.35 for. So is that a trade deficit or surplus using your stupid, meaningless analogy?

You just gave a micro example of what happens on a macro level in international trade.

You did this same basic thing when bought your cellphone that was made in China. Then you whine about China selling their shit here?

 

[eagle1462010]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Dropped immediately..........hmmmmm...........

Did the weather wipe out the crops to make it drop.................was it locusts............

Just speculating...................hmmmmm.............wonder how that works......

Bottom line.............new buyers were found...............we weren't dependent on China.............Good news..........

China is just killing us..............You see.........it works both ways and they have more to lose than us.......but hey.......they can buy from Brazil.................

 

[eagle1462010]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Another sky is falling moment.....

Yes indeed................just a while back........all of were going to die if we challenged China......The Dragon is gonna kill us all...........................IT'S A MIRACLE.................

 

[Harpy Eagle]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Dropped immediately..........hmmmmm...........

Did the weather wipe out the crops to make it drop.................was it locusts............

Just speculating...................hmmmmm.............wonder how that works......

Bottom line.............new buyers were found...............we weren't dependent on China.............Good news..........

China is just killing us..............You see.........it works both ways and they have more to lose than us.......but hey.......they can buy from Brazil.................

Things like soybeans are priced not unlike stocks, by speculatores. No weather did not wipe out any crops in the US as pretty much nobody has planted yet, soybeans do not get planted in the main producing states for another month or two. Right now corn is not being planted either due to the prolonged winter, which means in the end more people will plant beans than had planned on it, which means not only are we losing a big customers, we will have a glut at the end of the year.

Would you like to speculate on what that will do to the prices?

If you do not think that farmers and the Ag industry is not worried about Trump's trade wars it is because you have no knowledge of the industry.

 

[eagle1462010]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Do you think that the market in Europe is as large on the one in China?

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Not really ............they don't have as many people............threatened...........and the stocks crash...............SELL SELL SELL SELL.

Did the MARKET PANIC..................OMFG.....................SELL SELL SELL.............

Nothing happened to the supply and demand of the product................ONLY SPECULATION at the Casino.

 

[eagle1462010]

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Dropped immediately..........hmmmmm...........

Did the weather wipe out the crops to make it drop.................was it locusts............

Just speculating...................hmmmmm.............wonder how that works......

Bottom line.............new buyers were found...............we weren't dependent on China.............Good news..........

China is just killing us..............You see.........it works both ways and they have more to lose than us.......but hey.......they can buy from Brazil.................

Things like soybeans are priced not unlike stocks, by speculatores. No weather did not wipe out any crops in the US as pretty much nobody has planted yet, soybeans do not get planted in the main producing states for another month or two. Right now corn is not being planted either due to the prolonged winter, which means in the end more people will plant beans than had planned on it, which means not only are we losing a big customers, we will have a glut at the end of the year.

Would you like to speculate on what that will do to the prices?

If you do not think that farmers and the Ag industry is not worried about Trump's trade wars it is because you have no knowledge of the industry.

Commodities Speculation.....................one country just threatens and the MARKETS lose .............BOOM.............

Seems like the supply and demand, weather, and crops should be all that matter.

Perhaps you should go to Las Vegas and Gamble there instead.

 

[Harpy Eagle]

I love this response, it's basically an answer to China who hit America with tariffs on $3B, which were strategically placed on GOP candidates areas.

"Oh yeah ya little Intellectual Property thieving sob's? I will see your $3B and hit you with $50B more, AND a complaint with the toothless WTO just for kicks".

Let see who gets hit most, China who has a $500B a year fleecing of America, or the U.S.

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Do you think that the market in Europe is as large on the one in China?

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Not really ............they don't have as many people............threatened...........and the stocks crash...............SELL SELL SELL SELL.

Did the MARKET PANIC..................OMFG.....................SELL SELL SELL.............

Nothing happened to the supply and demand of the product................ONLY SPECULATION at the Casino.

Well, yes, demand just went down as our biggest customer was told to go fuck off.

 

[Harpy Eagle]

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Dropped immediately..........hmmmmm...........

Did the weather wipe out the crops to make it drop.................was it locusts............

Just speculating...................hmmmmm.............wonder how that works......

Bottom line.............new buyers were found...............we weren't dependent on China.............Good news..........

China is just killing us..............You see.........it works both ways and they have more to lose than us.......but hey.......they can buy from Brazil.................

Things like soybeans are priced not unlike stocks, by speculatores. No weather did not wipe out any crops in the US as pretty much nobody has planted yet, soybeans do not get planted in the main producing states for another month or two. Right now corn is not being planted either due to the prolonged winter, which means in the end more people will plant beans than had planned on it, which means not only are we losing a big customers, we will have a glut at the end of the year.

Would you like to speculate on what that will do to the prices?

If you do not think that farmers and the Ag industry is not worried about Trump's trade wars it is because you have no knowledge of the industry.

Commodities Speculation.....................one country just threatens and the MARKETS lose .............BOOM.............

Seems like the supply and demand, weather, and crops should be all that matter.

Perhaps you should go to Las Vegas and Gamble there instead.

To use your phrase it is mind boggling that you cannot see that a country threatening not to buy affects demand.

 

[eagle1462010]

The Global Food System Casino

Between 2003 to 2008, commodity index speculation increased by 1,900 per cent from an estimated $13 billion to $260 billion. Thirty per cent of these index funds are invested in food commodities. As the Agribusiness Accountability Initiative states, “We live in a brave new world of 24-hour electronic trading, triggered by algorithms of composite price indices, fits of investor ‘lack of confidence’ and of unregulated ‘dark pools’ of more than $7 trillion in over the counter commodities derivatives trades.”

The world commodity trading has no relationship to food, to its diversity, to its growers or eaters, to the seasons, to sowing or harvesting. Food diversity is reduced to eight commodities and bundled into “composite price index”.

Seasons are replaced by 24-hour trading. Food production driven by sunshine and photosynthesis is displaced by “dark pools of investment”. The tragedy is that this unreal world is creating hunger for real people in the real world.


Wanna get into why the Arab Spring really happened ............hmmmmm

 

[eagle1462010]

The US will as the price of everything goes up and that tax cuts gets eaten up and then some.

What happens when they throw a tariff on our soybeans and the grain farmers now have no market. In the US this year there is for only the 3 time in history more soybeans planned to be planted than corn. Going to suck hard when the floor drops out of the market.

Wow. Trump was right again. China slapped tariffs on soybeans which were immediately gobbled up by Europe driving the price of American and Brazilian soybeans up. Our farmers will make more in a competitive market than lowballing to China.

As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

This is a global trade realignment.

Go Trump MAGA.

But these guys said our soybean markets are screwed..................How can this be.................

Do you think that the market in Europe is as large on the one in China?

Soybean prices tumbled by as much as 5 percent after China threatened to levy extra duties on U.S. shipments, though the market ultimately ended the week down about 1 percent.

Not really ............they don't have as many people............threatened...........and the stocks crash...............SELL SELL SELL SELL.

Did the MARKET PANIC..................OMFG.....................SELL SELL SELL.............

Nothing happened to the supply and demand of the product................ONLY SPECULATION at the Casino.

Well, yes, demand just went down as our biggest customer was told to go fuck off.

Did supply drop....................or will China just buy more from Brazil.................

 

[eagle1462010]

Farmers don't have to plant Soy if they think the market isn't right............they can shift crops.............

Force the prices up with the supply side................

Didn't you just say they haven't even planted............

Haven't even planted and OMFG THE MARKETS ARE CRASHING.

Quick trade the dang Stock another 1000 times and force the price up.

 

[eagle1462010]

 

[Cellblock2429]

/——-/ Breaking: @realDonaldTrump The United States hasn’t had a Trade Surplus with China in 40 years. They must end unfair trade, take down barriers and charge only Reciprocal Tariffs. The U.S. is losing $500 Billion a year, and has been losing Billions of Dollars for decades. Cannot continue!

only a fucking 3rd grader would think the fact we do not have a surplus means it is unfair. Tell me cellblock, do you have a deficit or a surplus with your local grocery store? I am betting you have a 100% deficit with them.

/-----/ Do you factor Lost Leaders into your stupid, meaningless analogy? Do you factor in cents off coupons in your stupid, meaningless analogy? I was a sales rep for Fortune 50 Companies that sold wholesale to grocers. Your knowledge of the grocery industry can't fill a thimble.
What Are Loss Leaders In Grocery Stores? - CulinaryLore.com

You are correct, I have little knowledge about the grocery industry, and I am ok with that fact.

Though those 2 years I spent as a WalMart shift manager I learned a shit ton about loss leaders, as WalMart is the king of that tactic.

But as usual, the point went flying over your head.

I could use your grocery store, your BestBuy, or Walmart or any other place that you give money to in exchange for goods or services...you have a trade deficit with each and everyone of them. When you worked for you Fortune 50 company, they had a trade deficit with you, they gave you money and you never once gave them any money back, just your time and effort.

/----/ I place a value on my time and effort, so it was an even exchange of an intangible (my work) and tangible (a box of Tide that was a net loss for the store plus an additional discount from a cents off manufacturer's coupon.)
As an example, the store bought a box of Tide detergent for $5.25 plus another 10 cents for labor and transportation from their warehouse then marked it down to $4.99 as a lost leader. (they lose 36 cents on each box) I took the money I earned and bought the Tide. I used a $1 off manufacturer's coupon to reduce my cost to $3.99 that the store paid $5.35 for. So is that a trade deficit or surplus using your stupid, meaningless analogy?

You just gave a micro example of what happens on a macro level in international trade.

You did this same basic thing when bought your cellphone that was made in China. Then you whine about China selling their shit here?

/——-/ I buy what I want when I want. Your venom should be aimed at Apple for making phones in China. I would prefer to buy things made in USA and in fact I do even if it costs more. What I complain about is China dumping their stuff here while placing high tariffs on US made goods. Geeeeze it’s not that complicated

 

[eagle1462010]

UPDATE 3-Commerzbank removes agriculture from fund on food fears

Germany’s 2nd largest bank gives few details about move

* Lobby group Foodwatch says ethical concerns behind decision

* Speculation has been blamed for fuelling food price hikes

* S&P Dow Jones Indices says not change indexes based on debates

By Arno Schuetze

FRANKFURT/LONDON, Aug 9 (Reuters) - Germany’s Commerzbank has removed agricultural products from a commodity index fund after accusations that speculation has pushed up food prices and fuelled unrest in some poor countries.

Commerzbank followed at least two other German banks in restricting investments in agriculture, while most banks and fund managers have defended investment in commodities, saying that price jumps have been due to heavy demand and shortages.

Germany’s second-largest bank declined to give details about the reason for its decision to remove agricultural commodities from an exchange-traded fund (ETF), but German lobby group Foodwatch said the decision was because of ethical concerns.

“Commerzbank is reacting to the debate about a series of studies which show that investment in this type of commodity fund pushes food prices upwards and so contributes to the hunger crisis in many parts of the world,” Foodwatch said.

Agriculture has been removed from the ComStage ETF CB Commodity EW Index TR, a Commerzbank spokeswoman said, declining to elaborate.


The fund, which has assets of $145.1 million, was restructured on July 30 and now contains 12 metals and energy commodities, Commerzbank said on its website.

“I think that more and more investors are sensitive to banks’ exposure to agriculture. In the last 12 months, there’s been lots of discussion about ethical investment,” said David Bicchetti, economics affairs officer at the United Nations Conference on Trade and Development (UNCTAD).

In March, Germany’s largest bank, Deutsche Bank, said it would not issue new investment products in agricultural commodities this year while it researches the impact of investment in commodities on food prices.

DekaBank, which is owned by the German savings banks, said in April it was pulling out of investing in basic food stuffs, such as wheat, soy, maize and meat.