China plans to keep grain import quotas unchanged

grain importPexels / Pixabay

Dan Celia: China Doesn’t Care About a U.S. Trade Deal or Election, and Grain Import Stance Proves It

PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is noting this morning that China announced yesterday that it plans to keep grain import quotas unchanged, stating it is a global quota and it wouldn’t be fair to increase just one country.

Know more about Russia than your friends:

Get our free ebook on how the Soviet Union became Putin's Russia.

Q4 2019 hedge fund letters, conferences and more

“As if China cares about what is fair,” Celia said. “This is despite promise to buy more American grain imports. Now, that doesn’t sound like an agreement on Phase 1 that the president and some of the commerce ministers in China have been touting. I’ve been saying for over a month that we shouldn’t be overly excited about any possibility of a Phase 1 agreement. It is likely a stall tactic by China. As we are living month-to-month for this trade agreement, China is thinking about the next decade. They could not care less about the next U.S. election cycle. I hate to say it, but everything I have said so far for the past year in all these negotiations has been what has happened. I hope I am wrong this time.

“The scenario right now as I see it is this,” Celia continued. “As China begins to back away from what looks like was agreed to as far as agricultural imports, we can count on President Trump putting tariffs right back to where they were, possibly putting tariffs on the remaining $300 billion worth of products, which was supposed to happen on December 15. Then we will be firmly back to square one.

Grain import and China's goals

The Communist dictator regime of China doesn’t care about whether a trade deal will benefit the U.S or make President Trump look good in the upcoming election. It’s unclear why China is stalling, and I shudder to think what that reason might be.

But all the enthusiasm and excitement over this Phase 1 grain import trade deal may be out the door by the end of this week. This president is one of the few presidents who is not naïve. He understands how business and commerce work, yet his commerce department continues to lead him down the primrose path with total disregard for the thorns.”

Celia discusses these and other global and economic headlines on his daily, three-hour Financial Issues program, heard on more than 660 radio stations and several television networks nationwide.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver