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Trump: We're actually making money off the Russia Ukraine war because NATO is buying our equipment https://t.co/nj81h5GcJl
Video Transcript AI Summary
We're not, spending any money on the war. The war is, being funded by NATO. NATO is buying our equipment. In fact, we're I don't wanna make money on that war. I don't wanna but we are actually making money on that war because they're buying our equipment, as you know.
But we
Full Transcript
Speaker 0: We're not, spending any money on the war. The war is, being funded by NATO. NATO is buying our equipment. In fact, we're I don't wanna make money on that war. I don't wanna but we are actually making money on that war because they're buying our equipment, as you know.
But we
reSee.it AI Summary
As a soybean farmer, I feel the urgency of our situation. With no sales for this crop and prices 20% higher than Brazil due to tariffs, we're losing the Chinese market. This is a critical time for our industry, and American farmers and their families are facing real hardships.
@factpostnews - FactPost
Soybean farmer: We depend on the Chinese market. And right now we have 0 sold for this crop. It's a 5 alarm fire for our industry. We are not price competitive with Brazil due to the retaliatory tariffs. Our prices are about 20% higher, and that means that the Chinese are going elsewhere. And the American soybean farmers and their families are suffering.
Video Transcript AI Summary
China consumes 61% of soybeans produced worldwide. Of the soybeans that American farmers produce, 25% currently have been going to China. So it's a five alarm fire for our industry that 25% of our total sales is currently missing. And, right now, we are not price competitive with Brazil due to the retaliatory tariffs that are in place. Our prices are about 20% higher, and that means that the Chinese are going elsewhere because they can find a better value. There's 500,000 of us that produce soybeans, And, we desperately need markets, and we need opportunity, and we need a level playing field so we can compete because we grow a great product, but we had to be price competitive as well. And there's a artificial barrier that is built with these tariffs that makes us not be competitive.
Full Transcript
Speaker 0: Well, we depend on the Chinese market. And the reason we depend so much on this market is China consumes 61% of soybeans produced worldwide. The rest of the world is 39%. Of the soybeans that American farmers produce, 25% currently have been going to China. And right now, we have zero sold for this crop that's starting to be harvested right now.
So it's a five alarm fire for our industry that 25% of our total sales is currently missing. And, right now, we are not price competitive with Brazil due to the retaliatory tariffs that are in place. Our prices are about 20% higher, and that means that the Chinese are going elsewhere because they can find a better value. And, the American soybean farmers and their families are suffering. There's 500,000 of us that produce soybeans, And, we desperately need markets, and we need opportunity, and we need a level playing field so we can compete because we grow a great product, but we had to be price competitive as well.
And there's a artificial barrier that is built with these tariffs that makes us not be competitive.