Farmers in some US states are being forced into plowing their crops under — effectively burying them under soil in fields — as there is not enough room to store them in storage facilities, and they are unable to sell their products thanks to Chinese tariffs, Reuters reported last week.
All grain depots and silos are almost full, meaning farmers have to find their own storage solutions or allow their crops to rot. Neither option is particularly palatable.
…Manufacturing activity in the US slowed to a six-month low in October, with industry figures citing future protectionism and widespread uncertainty as major reasons for the slowdown.
“For the consumer, the tariffs are for the most part still an abstract idea, but for manufacturers they are real, and a big problem.”
There will be few immediate political consequences in Hong Kong because the councils have limited powers, only a small budget and a mandate restricted to hyper-local issues such as parks, bus stops and waste collection.
But the pro-democratic landslide was a defiant rebuke to the government’s frequent argument that its hardline policies had the support of a “silent majority”, who had been cowed by protester violence. In a peaceful vote, the city’s people came out against them.
It will also give Communist party chiefs in Beijing – who have backed the government as it dug into confrontation with demonstrators – cause to reconsider their approach. Hong Kong’s protests are perhaps the biggest challenge to China’s autocratic president, Xi Jinping, since he took power in 2012.