World Grain - August 2018 - 6

FROM THE EDITOR

In a trade war, nobody wins
EDITORIAL STAFF

N

o industry has been better served by
the trend in recent decades toward
increased globalization and free trade
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producers and traders of grain and grainbased products throughout the world.
Through the years, the walls of protectionism have been torn down as countries
such as Russia and China, which for many
years wanted nothing to do with free trade,
have become willing and highly successful
participants. Thirty years ago no one would
have imagined that Russia would be the
world's leading wheat exporter, but that's
exactly what has transpired.
Likewise, no one would have envisioned
the United States, always a powerful and
¿HUFHDGYRFDWHRIIUHHWUDGHRQHGD\OHDGLQJ
the charge against it, ripping up agreements
with longtime trading partners and imposing high tariffs on foreign-made goods from
countries that mercurial U.S. President Donald Trump claims are holding the upper hand
in unfair trade deals with the United States.
But this wave of anti-globalization sentiment isn't unique to America. Across the
Atlantic Ocean, Europe is grappling with
Britain's jaw-dropping decision to leave the
European Union, which is a deterrent to free
trade in that part of the world.
Remarkably, that is the sobering reality
today, and advocates of free trade everywhere, including World Grain, are alarmed
at this stunning turn of events.
At the epicenter of these seismic developments is the trade war that is growing between the world's two biggest economies,
the United States and China. In July, Trump
slapped 25% tariffs on steel and aluminum
as well as other Chinese-made products,
and China, in turn, imposed 25% tariffs on
a number of U.S.-based items, most notably
soybeans.
During a meeting of the World Trade Organization last month in Paris, WTO Director-General Roberto Azevedo outlined the
economic and systemic threats posed by the
growing tensions in global trade and called
on "everyone who believes in trade as a
force for good" to speak up in its defense.

6

Azevedo, who has been working feverishly with political leaders, business leaders and the media to increase the awareness and understanding of what's at stake,
correctly noted that a full-blown trade
war between China and the United States
would have a ripple effect that would expand to even the world's smallest, least
developed countries.
"Tensions are growing," Azevedo told the
assembled WTO members. "New measures
are being announced with increasing freTXHQF\7KHUHLVUHDODQGMXVWL¿HGFRQFHUQ
about the escalation we are seeing. Whether
or not you call it a trade war, certainly the
¿UVWVKRWVKDYHEHHQ¿UHG&RQWLQXHGHVFDlation would risk a major economic impact,
which would pose a serious threat to jobs,
growth and recovery in all countries."
One ray of hope in this matter is that
7UXPSWKHXQRI¿FLDOULQJOHDGHURIWKHDQWL
globalization movement and a businessman
who is an experienced dealmaker, is known
to ask for the moon and settle for the stars
as a negotiating tactic. Already, after weeks
of threats and bluster, Trump and E.U. Commission President Jean-Claude Juncker have
agreed to hold off proposed automobile tariffs and work to resolve their dispute on steel
and aluminum as they pursue a bilateral trade
deal. One can only hope a similar agreement
can be reached with China so that U.S. soyEHDQVFDQVWDUWÀRZLQJLQWR&KLQDZKLFKLV
PXWXDOO\EHQH¿FLDOIRUERWKFRXQWULHV
In a world where most of the population lives in areas where agricultural production is limited, free trade is the key to
providing
affordable,
nutritious food to the
people of both highly
developed and developing nations.
Going back to an era
RI ³VHOIVXI¿FLHQF\´ DQG
protectionism would be
foolish on so many levels. There would be
no winners, only losers.

Editor-in-Chief
Morton I. Sosland
Editor
Arvin Donley
Executive Editor
Meyer Sosland
Managing Editor
Eric Schroeder
Associate Editor
Susan Reidy
Digital Media Associate Editor Holly Demaree
European Correspondent
Chris Lyddon
China Consultant
Fengcheng Wang
PUBLISHING STAFF
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Dan Flavin
International Sales Manager Adam Ungashick
Audience
Development Director
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Jon Hall
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CORPORATE
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Charles Sosland
L. Joshua Sosland
Staci Greco
Meyer Sosland

WORLD GRAIN (ISSN 0745-8991) Volume 36, issue 8,

is published monthly by Sosland Publishing Company,
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Periodicals postage paid at Kansas City, MO 64108 U.S. and
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POSTMASTER: Send address changes to WORLD GRAIN,
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Arvin Donley
Editor

August 2018 / World Grain / www.World-Grain.com


http://www.World-Grain.com

Table of Contents for the Digital Edition of World Grain - August 2018

http://digital.world-grain.com/sosland/wg/2019_05_01
http://digital.world-grain.com/sosland/wg/2019_04_01
http://digital.world-grain.com/sosland/wg/2019_03_01
http://digital.world-grain.com/sosland/wg/2019_02_01
http://digital.world-grain.com/sosland/wg/2019_01_01
http://digital.world-grain.com/sosland/wg/2018_12_01
http://digital.world-grain.com/sosland/wg/2018_11_01
http://digital.world-grain.com/sosland/wg/2018_10_01
http://digital.world-grain.com/sosland/wg/2018_09_01
http://digital.world-grain.com/sosland/wg/2018_08_01
http://digital.world-grain.com/sosland/wg/2018_07_01
http://digital.world-grain.com/sosland/wg/2018_06_01
http://digital.world-grain.com/sosland/wg/2018_05_01
http://digital.world-grain.com/sosland/wg/2018_04_01
http://digital.world-grain.com/sosland/wg/2018_03_01
http://www.nxtbook.com/sosland/wg/2018_02_01
http://www.nxtbook.com/sosland/wg/2018_01_01
http://www.nxtbook.com/sosland/wg/2017_12_01
http://www.nxtbook.com/sosland/wg/2017_11_01
http://www.nxtbook.com/sosland/wg/2017_10_01
http://www.nxtbook.com/sosland/wg/2017_09_01
http://www.nxtbook.com/sosland/wg/2017_08_01
http://www.nxtbook.com/sosland/wg/2017_07_01
http://www.nxtbook.com/sosland/wg/2017_06_01
http://www.nxtbook.com/sosland/wg/2017_05_01
http://www.nxtbook.com/sosland/wg/2017_04_01
http://www.nxtbook.com/sosland/wg/2017_03_01
http://www.nxtbook.com/sosland/wg/2017_02_01
http://www.nxtbook.com/sosland/wg/2017_01_01
http://www.nxtbook.com/sosland/wg/2016_12_01
http://www.nxtbook.com/sosland/wg/2016_11_01
http://www.nxtbook.com/sosland/wg/2016_10_01
http://www.nxtbook.com/sosland/wg/2016_09_01
http://www.nxtbook.com/sosland/wg/2016_08_01
http://www.nxtbook.com/sosland/wg/2016_07_01
http://www.nxtbook.com/sosland/wg/2016_06_01
http://www.nxtbook.com/sosland/wg/2016_05_01
http://www.nxtbook.com/sosland/wg/2016_04_01
http://www.nxtbook.com/sosland/wg/2016_03_01
http://www.nxtbook.com/sosland/wg/2016_02_01
http://www.nxtbook.com/sosland/wg/2016_01_01
http://www.nxtbook.com/sosland/wg/2015_12_01
http://www.nxtbook.com/sosland/wg/2015_11_01
http://www.nxtbook.com/sosland/wg/2015_10_01
http://digital.world-grain.com/sosland/wg/2015_09_01
http://digital.world-grain.com/sosland/wg/2015_08_01
http://digital.world-grain.com/sosland/wg/2015_07_01
http://digital.world-grain.com/sosland/wg/2015_06_01
http://digital.world-grain.com/sosland/wg/2015_05_01
http://www.nxtbook.com/sosland/wg/2015_04_01
http://www.nxtbook.com/sosland/wg/2015_03_01
http://www.nxtbook.com/sosland/wg/2015_02_01
http://digital.world-grain.com/sosland/wg/2015_01_01
http://www.nxtbook.com/sosland/wg/2014_12_01
http://www.nxtbook.com/sosland/wg/2014_11_01
http://www.nxtbook.com/sosland/wg/2014_10_01
http://www.nxtbook.com/sosland/wg/2014_09_01
http://www.nxtbook.com/sosland/wg/2014_08_01
http://www.nxtbook.com/sosland/wg/2014_07_01
http://www.nxtbook.com/sosland/wg/2014_06_01
http://www.nxtbook.com/sosland/wg/2014_05_01
http://www.nxtbook.com/sosland/wg/2014_04_01
http://www.nxtbook.com/sosland/wg/2014_03_01
http://www.nxtbook.com/sosland/wg/2014_02_01
http://www.nxtbook.com/sosland/wg/2014_01_01
http://www.nxtbook.com/sosland/wg/2013_12_01
http://www.nxtbook.com/sosland/wg/2013_11_01
http://www.nxtbook.com/sosland/wg/2013_10_01
http://www.nxtbook.com/sosland/wg/2013_09_01
http://www.nxtbook.com/sosland/wg/2013_08_01
http://www.nxtbook.com/sosland/wg/2013_07_01
http://www.nxtbook.com/sosland/wg/2013_06_01
http://www.nxtbook.com/sosland/wg/2013_05_01
http://www.nxtbook.com/sosland/wg/2013_04_01
http://www.nxtbook.com/sosland/wg/2013_03_01
http://www.nxtbook.com/sosland/wg/2013_02_01
http://www.nxtbook.com/sosland/wg/2013_01_01
http://www.nxtbook.com/sosland/wg/2012_12_01
http://www.nxtbook.com/sosland/wg/2012_11_01
http://www.nxtbook.com/sosland/wg/2012_10_01
http://www.nxtbook.com/sosland/wg/2012_09_01
http://www.nxtbook.com/sosland/wg/2012_08_01
http://www.nxtbook.com/sosland/wg/2012_07_01
http://www.nxtbook.com/sosland/wg/2012_06_01
http://www.nxtbook.com/sosland/wg/2012_05_01
http://www.nxtbook.com/sosland/wg/2012_04_01
http://www.nxtbook.com/sosland/wg/2012_03_01
http://www.nxtbook.com/sosland/wg/2012_02_01
http://www.nxtbook.com/sosland/wg/2012_01_01
http://www.nxtbook.com/sosland/wg/2011_12_01
http://www.nxtbook.com/sosland/wg/2011_11_01
http://www.nxtbook.com/sosland/wg/2011_10_01
http://www.nxtbook.com/sosland/wg/20111_09_01
http://www.nxtbook.com/sosland/wg/2011_08_01
http://www.nxtbook.com/sosland/wg/2011_07_01
http://www.nxtbook.com/sosland/wg/2011_06_01
http://www.nxtbook.com/sosland/wg/2011_05_01
http://www.nxtbook.com/sosland/wg/2011_04_01
http://www.nxtbook.com/sosland/wg/2011_03_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_01_01
http://digital.world-grain.com/sosland/wg/2010_12_01
http://digital.world-grain.com/sosland/wg/2010_11_01
http://digital.world-grain.com/sosland/wg/2010_10_01
http://digital.world-grain.com/sosland/wg/2010_09_01
http://digital.world-grain.com/sosland/wg/2010_08_01
http://digital.world-grain.com/sosland/wg/2010_07_01
http://digital.world-grain.com/sosland/wg/2010_06_01
http://digital.world-grain.com/sosland/wg/2010_05_01
http://digital.world-grain.com/sosland/wg/2010_04_01
http://digital.world-grain.com/sosland/wg/2010_03_01
http://digital.world-grain.com/sosland/wg/2010_02_01
http://digital.world-grain.com/sosland/wg/2010_01_01
http://digital.world-grain.com/sosland/wg/2009_12_01
http://digital.world-grain.com/sosland/wg/2009_11_01
http://digital.world-grain.com/sosland/wg/2009_10_01
http://digital.world-grain.com/sosland/wg/2009_09_01
http://digital.world-grain.com/sosland/wg/2009_08_01
http://digital.world-grain.com/sosland/wg/2009_07_01
http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
http://digital.world-grain.com/sosland/wg/2008_11_01
http://digital.world-grain.com/sosland/wg/2008_10_01
http://digital.world-grain.com/sosland/wg/2008_09_01
http://digital.world-grain.com/sosland/wg/2008_08_01
http://digital.world-grain.com/sosland/wg/2008_07_01
http://digital.world-grain.com/sosland/wg/2008_06_01
http://digital.world-grain.com/sosland/wg/2008_05_01
http://digital.world-grain.com/sosland/wg/2008_04_01
http://digital.world-grain.com/sosland/wg/2008_03_01
http://digital.world-grain.com/sosland/wg/2008_02_01
http://digital.world-grain.com/sosland/wg/2008_01_01
http://digital.world-grain.com/sosland/wg/2007_12_01
http://digital.world-grain.com/sosland/wg/2007_11_01
http://digital.world-grain.com/sosland/wg/2007_10_01
http://digital.world-grain.com/sosland/wg/2007_09_01
http://digital.world-grain.com/sosland/wg/2007_08_01
http://digital.world-grain.com/sosland/wg/2007_07_01
http://digital.world-grain.com/sosland/wg/2007_06_01
http://digital.world-grain.com/sosland/wg/2007_05_01
http://digital.world-grain.com/sosland/wg/2007_04_01
http://digital.world-grain.com/sosland/wg/2007_03_01
http://digital.world-grain.com/sosland/wg/2007_02_01
http://digital.world-grain.com/sosland/wg/2007_01_01
http://digital.world-grain.com/sosland/wg/2006_12_01
http://digital.world-grain.com/sosland/wg/2006_11_01
http://digital.world-grain.com/sosland/wg/2006_10_01
http://digital.world-grain.com/sosland/wg/2006_09_01
http://digital.world-grain.com/sosland/wg/2006_08_01
http://digital.world-grain.com/sosland/wg/2006_07_01
http://digital.world-grain.com/sosland/wg/2006_06_01
http://digital.world-grain.com/sosland/wg/2006_05_01
http://digital.world-grain.com/sosland/wg/2006_04_01
http://digital.world-grain.com/sosland/wg/2006_03_01
http://digital.world-grain.com/sosland/wg/2006_02_01
http://digital.world-grain.com/sosland/wg/2006_01_01
http://digital.world-grain.com/sosland/wg/2005_12_01
http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
http://www.nxtbookMEDIA.com