cross-posted from: https://lemmy.world/post/35684522
Despite his support for Trump, Ragland has become increasingly vocal about the need for immediate trade resolution. “We desperately need to get something rectified quickly with China, our biggest export customer,” he told CNN. “We wanna encourage the administration to get a proactive trade deal done.”
Nope. The cost of your tofu is going to rise because of this.
How does over production of something increase its cost?
They will dump the soybeans into the sea before they distribute them at a fair market rate.
The concentration of more and more farmland and the attending supply chains into fewer and fewer hands will cause prices to rise. Because those few oligarchs that own the land will decide what, how much, and IF you eat.
Monopolies are never good for the plebes.