The Trump administration announced Tuesday it will provide $12 billion in emergency relief to ease the pain of American farmers slammed by President Donald Trump’s escalating trade disputes with China and other countries.
However, some farm-state Republicans quickly dismissed the plan, declaring that farmers want markets for their crops, not payoffs for lost sales and lower prices.
Looking forward to experiencing Groundhog's Day about leopards eating faces next year when I visit home in the rural Midwest.
Right out of the authoritarian playbook - be both the cause and solution to problems that people face. That way you can vilify "them" while also being the "savior".
Boo fucking hoo. Stop voting for policies that directly hurt you and yours just to spite perceived threats, and then maybe I'll give a shit about your woes.
Someday there won’t be any of those scapegoats left to blame but it’ll be too goddamn late. Pardon me if I don’t shed any tears over their desperation.
And agricultural products would also be the obvious place for the EU to retaliate too, so if Trump goes ahead with his harebrained plan to impose ridiculous tariffs they can forget about exports as a viable business model.
US exports are limited to war, Boeing, Caterpillar, Deere, agriculture and climate terrorist energy. The Trump promise of reindustrialization of US is a fake one. If universal tariff threat is followed through, certain recession. Placing them on the world, is not going to strengthen alliances.
Just because DNC/Biden/Harris rolled over for Trump doesn't mean rest of the world will. But that is the big geopolitical question.
The problem is that the US no longer has the production facilities and capabilities for so many basic things. How many screws are actually made in the US? How many electronic components, not just processors, but capacitors and resistors? All the ingredients for the chemical and pharmaceutical industry? They basically all come from China.
Yes. The CHIPS act making processors, will still send them over to Asia to make motherboards. Robotics in China is much more advanced because that is where all the customers are, and you need a lot of hands on tinkering help from manufacturer to get them to work with other processes. Boston Dynamics may be smartest in the world, but they are just making warehouse robots, and I doubt their sales are high.
Trying to build the full industrial support structure for "highest tech" industries while tariffing all imports is just an extremely tough investment proposition.
Oh, they will not wither and die, it will just be bought by Nestlé et al. and you can either import food from abroad and pay the Trump tax, or you can buy the price gouged local produce after all competition is gone.
China likely to reciprocate against the tariffs, why? They only hurt us, and help them. Placing Tariffs in the other direction makes their prices rise in their country, that doesn't help them. They keep more industries by keeping prices low
I suppose if the product in unnecessary, that would make sense. Required imports would stay selling at same prices until manufacturing plants elsewhere could be built for cheap enough to not just pay the tariffs. : /
It does help them if they think retaliation will pressure the initial levier (the U.S.) to scale back their tariff schedule. It hasn't worked out like that but that's the theory. Also, China isn't as subject to popular pressure as western democracies. Yes, I agree with you, trade wars are wasteful, harmful, and just a bad idea overall.
China just usually buys its agriculture from friendlier countries without making a big fuss about "making China great again" public display. It does occasionally issue explicit bans against countries acting stupid, though. Brazil certainly feels confident to plant much more.
Someone used to tell me one of the largest exports of Panama City Beach when I lived there was mulch. They would ship it to China for fuel apparently. Never would have thought about a smaller town shipping trees half a world away... Talk about inefficient.