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  • The US Has Never Imported So Much Food

    From ltlee1@21:1/5 to All on Fri Feb 28 00:31:38 2025
    https://finance.yahoo.com/news/us-never-imported-much-food-222428377.html

    "(Bloomberg) -- The US, known for being a global agriculture powerhouse,
    has never imported so much food.

    Inbound shipments of everything from avocados to coffee and sugar are
    expected to drive the country’s agriculture trade deficit to a record
    $49 billion this year, the US Department of Agriculture said in its
    trade outlook report. At the same time, America’s most widely grown
    crops have been losing overseas markets over the past decades.

    It’s a stark turnaround for a nation that once used its abundant food supplies as a tool of statecraft, with the US now facing a future of
    persistent agricultural trade deficits. The country imported more food
    than exported every year since 2023. Before then, the only other annual deficits were in 2019 and 2020, during President Donald Trump’s trade
    war with China, and several years prior to 1960."

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  • From ltlee1@21:1/5 to All on Sat Mar 1 18:47:05 2025
    Something is very wrong in the US.

    A cheaper dollar would solve a lot of US power.

    However, cheaper US dollar is currently not considered because expensive
    dollar is somewhat structural. Any hint of lower dollar exchange rate
    would prompt many who currently holding dollar assets to sell. This in
    turn would force the interest rate up. Without which US could not
    possibly continue its deficit spending. Higher interest then increases
    the dollar exchange rate.

    Nevertheless, the US government still needs polices to preclude high
    food inflation in a sudden. High egg price at present may be a prelude.

    --- SoupGate-Win32 v1.05
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