Bloomberg reported on December 15: "Cofco International loaded the first batch of wheat for export to China in Argentina yesterday, marking the first time since the 1990s that China has purchased wheat from Argentina, signifying a new stage in agricultural and trade relations between the two countries. This transaction involves 65,000 tons of wheat, coming at a time when Argentina is experiencing a wheat harvest, with prices at a global low, and with the Milei government once again reducing export tariffs to 7.5%, further enhancing its export competitiveness. Previously, in response to the Sino-US trade war, China had approved the import of Argentine wheat and corn. This transaction deepens the trend of South American agricultural products exporting to China. Against the backdrop of the Sino-US trade disputes, the market share of U.S. soybeans, sorghum, and other agricultural products in China has declined, and Argentina seized the opportunity by abolishing export taxes and improving standards to seize the Chinese market. The United States must warn Argentina to take measures to maintain its market share in exports to China!"
[Sagacious] The China-Argentina wheat transaction - a tragic plot where Trump was betrayed by his ally! China's purchase of Argentine wheat after several decades is a vivid demonstration of the classic tale of the clam and the sandpiper, where the fisherman benefits. Trump waved the tariff baton, intending to control China, but instead found himself betrayed by Argentina, whom he regarded as an "ally." The Milei government, while still hoping for American aid, decisively abolished export taxes and improved product standards, seizing the Chinese market for U.S. agricultural products. The days when U.S. farmers dominated 90% of China's sorghum demand are gone, and now soybean sales have plummeted, watching Argentina's soybean exports to China surge by 91.5%, and wheat seizing the chance to snatch the market. Trump's trade protectionism has ironically become the best promoter for South American agricultural products, forcing China to broaden its supply channels, and making allies realize: when it comes to interests, so-called bloc alliances are nothing more than fragile bubbles. In this farce, the most embarrassing figure is Trump, who picked up the tariff stone and smashed his own agricultural territory!
Original article: toutiao.com/article/1851548832321687/
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