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China tariffs its own products..

Summary:
Another head-scratcher from the morons.Question though is:  In what currency is the new Chinese tariff in?IOW if its in USDs, i.e. they want more USD to bring the US produced pork into China, then its just another typical scam by these disgraced hacker USD zombies to get EVEN MORE USDs for their account...OTOH if they want CNY to be paid by whatever state institution that imports the US produced pork then it may act to retard the importation of US produced pork products if they are in domestic pork surplus in China. China places a tariff on U.S. pork. This comes after China purchased largest U.S. Pork producer, Smithfield. China is taxing itself on its own U.S. products. Methinks Panda is playing trade-warfare strategy without accepting the U.S. citizen has access to information.

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Another head-scratcher from the morons.

Question though is:  In what currency is the new Chinese tariff in?

IOW if its in USDs, i.e. they want more USD to bring the US produced pork into China, then its just another typical scam by these disgraced hacker USD zombies to get EVEN MORE USDs for their account...

OTOH if they want CNY to be paid by whatever state institution that imports the US produced pork then it may act to retard the importation of US produced pork products if they are in domestic pork surplus in China.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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