this post was submitted on 30 Aug 2024
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The BRICS trading system is already wiping out US farmers, as global price discovery is destroyed (www.youtube.com)
submitted 8 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[–] KrasnaiaZvezda@lemmygrad.ml 3 points 8 months ago

It's likely, specially as from what I hear China was able to sell steel in Brazil cheaper than the local production too, so something likely changed/improved in China recently. It could be, at least in part, due to less internal demand, but cutting off the middlemen might have helped too.