07-26-2018, 04:27 PM
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Banned
Join Date: Apr 2013
Posts: 2,791
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Quote:
Trump Has No Idea What His Tariffs Have Unleashed for Farmers His trade war will hurt business at a time when the rural population is aging, and it will probably hollow out farm communities.
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The president is here to trumpet a $12 billion plan to aid American farmers. Why do they need aid? For Iowans, it’s because 33 percent of our economy is tied, directly or indirectly, to agriculture, and Mr. Trump recklessly opened trade wars that will hit “Trump country” — rural America — hardest and that have already brought an avalanche of losses. Indeed, the impact of his tariffs will probably be felt by family farms and the area for generations.
The cost of being shut out of overseas markets for soybeans, beef, pork, chicken and more will be in the billions. Once those markets are gone, they will be difficult to recover. Commodity prices continue to drop, and good weather suggests an excellent crop is in the making, which will drive prices further down.
Brazil is ready to step in with increased soybean production, and China has already shifted its purchasing power there.
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I think this is a bit of a dramatization. Is China the only god damn place in the world that needs corn and soybeans?
Still it's funny watching Trump have to go on a $12 billion social speeding spree just to temporarily cover their ass from his policies. |
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