TRUMP, JOHNSON, TRADE DEALS

Trump says that China is going to buy more goods from the USA.

Skepticism is growing over China's capacity to buy U.S. products, reported the South China Morning Post

"Much of the skepticism of trade purchases by China is from their repeated statements on how import purchases from the deal will be based on market conditions.

zerohedge@zerohedge

China to Expand Imports From U.S. Based on Market Demand

So the entire trade deal is meaningless

Market conditions?
In China, growth slumped to three-decade lows in 2019.

Andrei Agapi, of S&P, says that if "China says it's down to market conditions, then the U.S. will have to be competitive. 

"And the reality is that the U.S. is not competitive by a long shot already, and it hasn't been before either."

Brazilian soya beans are cheaper than US soya beans.

China has been diversifying farm purchases away from the U.S. towards Brazil and Argentina.

Agapi said China has already purchased 50% of its soybean demand for the year from Latin America.

"Demand this year will be lower because the African swine fever wiped out at least half of the country's pig herd."

 Nissan, in the UK.

"Nissan, which employs almost 8,000 people directly in Sunderland, in the UK, has said that a no-deal Brexit will make its UK operation unviable."

Many in the north backed Brexit. They will soon begin to feel ...

In the North and Midlands, of the UK, the mines, shipbuilding and other heavy industries were dismantled under the Thatcher Conservative government in the 1980s.

Recent Conservative governments have applied severe spending cuts in the North and Midlands, and, have abolished regional development agencies.

Hundreds of jobs in the North East could be affected by the decision of automotive giant Honda to close its plant in Swindon, with the loss of more than 3,000 jobs. A number of North East firms are suppliers to Honda, and the news of the plant’s closure is another blow to the region’s automotive sector, coming just two weeks after Nissan cancelled production of its X-Trail model at its Sunderland plant.

EU structural funds have invested billions in Britain's regions to encourage economic revival.

So, "the most severe economic threat to the north is Brexit itself."

Many in the north backed Brexit. They will soon begin to feel ...

In the north-east, the region's CBI, Chamber of Commerce, Federation of Small Businesses, Entrepreneurs' Forum, Northern TUC, local authorities and its four universities signed up to a call for continued access to the single market.

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