Trump's trade war is starting to hit farmers.
American farmers. https://t.co/G1XiaBsEiS@YahooFinance pic.twitter.com/ReiOnb4zHk
— Rick Newman (@rickjnewman) August 15, 2018
Category: Tariffs
China says US farmers may never regain market share lost in trade war
Thanks to Trump for his foolish tariffs.
Other countries will find new trade partners.
China says U.S. farmers may never regain market share lost in trade war https://t.co/nimHhcs0Sk via @SCMPNews
— POLITICO (@politico) August 11, 2018
from the article:
““Many countries have the willingness and they totally have the capacity to take over the market share the U.S. is enjoying in China. If other countries become reliable suppliers for China, it will be very difficult for the U.S. to regain the market,” Han Jun told official Xinhua news agency in an interview on Friday.”
Tariff roundup August 10, 2018
A new study by the Tax Foundation shows that the full-weight of tariffs would lower U.S. wages by 0.39 percent and cost more than 465,000 American jobs over the next decade, counteracting one-third of the long-term benefits of the Tax Cuts and Jobs Act. https://t.co/Dbb2o0KN7j pic.twitter.com/o5ivavOEiW
— Trade Leadership (@AmericaTrades) August 10, 2018
As soybean futures plunge, farmer says tariffs have 'devastated' the industry https://t.co/6sc3PKLsg1
— CNBC (@CNBC) August 10, 2018
Higher prices for imported washing machines (due to tariffs) and those made at home (metal tariffs) pic.twitter.com/oabfvzeED7
— Steven Rattner (@SteveRattner) August 10, 2018
President Trump's tariffs-as-leverage strategy has worked very well at opening up the Chinese automobile market…
…for cars made EVERYWHERE (!!!) OUTSIDE OF America
By @Trefor1
https://t.co/R48SZJopcJ— Chad P. Bown (@ChadBown) August 10, 2018
Energy executives lament Trump tariffs as costs rise on pipeline projects https://t.co/NICL0Vi86w
— Reuters Top News (@Reuters) August 10, 2018
The Last Major TV Factory in the U.S. Is Shutting Down Because of President Trump’s Tariffs https://t.co/JUO0e9xlXo
— ryan teague beckwith (@ryanbeckwith) August 8, 2018
South Carolina manufacturer says Trump tariffs have forced it to close plant https://t.co/Z9CQn2tFoL pic.twitter.com/1PEA8ciImF
— The Hill (@thehill) August 7, 2018
Tell me more about how President Death Touch is for the little guy, the workin' man, and the struggling middle class. https://t.co/AWXmvtSkTk
— Rick Wilson (@TheRickWilson) August 6, 2018
It's obvious that Washington doesn't care about us anymore. These tariffs are horrible for our farmers, and Trump's aid package isn't going to help us here in the #CentralValley. It's time for real representation of our communities. #CA22 https://t.co/QZucVieje1
— Andrew Janz (@JanzforCongress) August 10, 2018
Remember these are “national security” tariffs. pic.twitter.com/lDI2bbKuuq
— Daniel Dale (@ddale8) August 10, 2018
Before slapping a NATO ally and vital counter-ISIS partner with tariffs–which US consumers will pay for–the Trump administration would've been wise to name an Ambassador to Turkey. Or have in place a Hostage Envoy. Both steps could've helped secure Pastor Brunson's release.
— Ned Price (@nedprice) August 10, 2018
These tariffs are hurting our local businesses. I just talked to a voter who said his business costs have gone up because of your steel and aluminum tariffs. He also said he’s not voting for you or your friend @DevinNunes. Tariffs are taxes. -AJ https://t.co/KptcG8pxLg
— Andrew Janz (@JanzforCongress) August 10, 2018
a U.S. ship with 43,000 tons of soybeans has been sailing in circles for a month because they barely missed the deadline to beat China new tariffs, a $6M penalty.https://t.co/KCwlNPQYEO pic.twitter.com/EnxpGbj4e1
— Jesse Lehrich (@JesseLehrich) August 10, 2018
A Chicago-area manufacturer of storage safes is closing two factories, in part because of Trump's tariffs on metal from China. Its move to Mexico is putting about 150 people out of work. https://t.co/ZFKNrLnJAk pic.twitter.com/0hFIA72h4T
— Chicago Tribune (@chicagotribune) August 14, 2018
Tariff roundup August 5, 2018
Despite the rhetoric on how President Trump's tariffs are good for the country, the majority of Americans oppose the tariffs, according to an NBC News and WSJ poll: https://t.co/cI54HTYJfT pic.twitter.com/gk6QYtfr7w
— MSNBC (@MSNBC) August 3, 2018
The existing trade war between China and the U.S., started by the Trump admin, could lead to a net loss of 468,790 jobs, according to The Trade Partnership.
Watch more: https://t.co/cI54HTYJfT pic.twitter.com/wmDjiLpJAn
— MSNBC (@MSNBC) August 3, 2018
Trump confuses a positive trade balance with making money (just as he thinks a trade deficit means we are losing money).
Also says “the higher I make it (tariff), the better it is.” https://t.co/VYmtdEPgeb
— Brendan Nyhan (@BrendanNyhan) August 5, 2018
American boat makers feel the crunch from Trump tariffs: https://t.co/thQaRKvtUo pic.twitter.com/liMGZW6ovt
— World News Tonight (@ABCWorldNews) August 5, 2018
Trump doesn't even account for the likelihood that instead of paying tariffs, countries will just trade with other countries that won't impose tariffs on them, and cut the United States out.
He's simply not equipped for this task. pic.twitter.com/WvL0Ua0Ymb
— Aaron Rupar (@atrupar) August 5, 2018
The North Carolina Farm Bureau said this has not been a good year for farmers.
"Why should agriculture have to bear the brunt of all the retaliation from our trading partners?" said NC Farm Bureau President Larry Wooten.
https://t.co/8mjSaXk8sT— Red T Raccoon (@RedTRaccoon) August 5, 2018
The most popular American cars will cost thousands of dollars more because of tariffs https://t.co/Utqgn7Ixkt pic.twitter.com/evMkZMXA5P
— CNN (@CNN) August 5, 2018
Trump tells the rally crowd his tariffs are particularly helping soybean farmers in Ohio.
The American Soybean Association just two days ago said it "continues to urge the Administration to find non-tariff solutions to ongoing trade disputes."
— Ryan Struyk (@ryanstruyk) August 5, 2018
Is Trump following some kind of clever political strategy on trade? I don't think so. I think he's genuinely ignorant, and gets more belligerent the worse things look https://t.co/tjS9qLyh3i
— Paul Krugman (@paulkrugman) August 5, 2018
Prices for soda and motorcycles are rising as manufacturers cope with rising tariff costs https://t.co/6Wq3WfvZt3
— Ronald Brownstein (@RonBrownstein) July 31, 2018
Her business survived the Civil War. Can it hang on during the trade war? @byHeatherLong https://t.co/i6ocIHtyUf
— Cathleen Decker (@cathleendecker) August 5, 2018
This is just a reminder that Trump's tariffs led to a total collapse of soybean prices which led to a $12 billion bailout. That comes to about $37 per American. Those tax savings that don't really exist are quickly being chipped into by the POTUS. It's going to get worse.
— James Kosur (@JamesKosur) August 5, 2018
Like most noise Trump makes, tariffs are his negotiating tactic via diversion. https://t.co/exf8nWf4yE
— USA TODAY (@USATODAY) August 5, 2018
California farmers and Mexican cheese sales, U.S. trade war takes a toll https://t.co/s1W81dCJoV pic.twitter.com/JDmmTX6iRb
— Reuters Top News (@Reuters) July 28, 2018
1) The trade deficit and the budget deficit are different things.
2) Trump’s tariffs threaten US jobs and growth, and do not shrink the budget deficit.
3) Trump has already grown the budget deficit much larger than it was when Obama left — by cutting taxes for very rich people. https://t.co/0rrYAWrGj8
— Rep. Don Beyer (@RepDonBeyer) August 5, 2018
Coke is raising prices – and blaming President Trump's tariffs https://t.co/vxOw26JhsO
— TIME (@TIME) July 27, 2018
Trump trade war threatens American energy dominance https://t.co/aDiJ06lsh3
— Rick Tyler (@rickwtyler) July 27, 2018
How can it be that he doesn’t know tariffs on imports are paid by U.S. customers? He has to know this, doesn’t he? https://t.co/lKD0A9Xv3K
— Ben White (@morningmoneyben) August 5, 2018
Trump lies about a deal with the European Union
Trump says in Ohio he "reached a historic agreement" with the EU on trade. I don't think that's right.
— Josh Rogin (@joshrogin) August 5, 2018
Basically, all they did was agree to a truce. There’s no deal yet. Just another Trump lie.
Donald Trump agrees to cease fire in the trade war with the EU https://t.co/j72FMyyQtQ
— The Economist (@TheEconomist) July 29, 2018
Trump’s hopes for EU trade deal hampered by agriculture https://t.co/usdCY0yu8b
— FT World News (@ftworldnews) August 3, 2018
CHRIS WALLACE: Mr Secretary, Trump claimed his handshake w/EU was a "breakthrough." But all they agreed to is more talks. Isn't he exaggerating?@stevenmnuchin1: No.
CW: Trump claimed he 'opened up Europe' to farmers. The EU says ag isn't even on table
SM: Well, they're lying. pic.twitter.com/fINIyTlmWd
— Aaron Rupar (@atrupar) July 29, 2018
Why a business CFO supports Trump’s tariffs
I don’t agree with him but I think we should hear his point of view.
The CFO of Gulf Craft, a Louisiana maker of custom aluminum boats, told me Trump's tariffs are very tough on the company, but he still strongly supports Trump's decision. I told him people on Twitter were gonna mock him for this, asked if he wanted to explain at length. He said: pic.twitter.com/V7ThYvb23U
— Daniel Dale (@ddale8) July 27, 2018
Mercedes-Benz may move production away from US
How are those tariffs working out for you?
Mercedes-Benz mulls production shift away from U.S. but no decision taken https://t.co/Y8rp6O1xAs pic.twitter.com/UHUtPqpldj
— Reuters Top News (@Reuters) July 26, 2018
Trump is buying votes with his farm bailout
Buying votes right before the mid terms! https://t.co/TD9fRSyr9q
— Donna Brazile (@donnabrazile) July 25, 2018
Even Republicans diss Trump’s aid to farmers
Trump propping up his base, the only people he cares about
Why should we have to pay for Trump’s bad tariff policy?
A one time, short term $12B bailout for farmers caught in Trump’s escalating trade war. "White House officials hope it will temporarily quiet some of the unease from farm groups."
You're so right, @JamilSmith. This is a payoff to keep farmers quiet before the midterms. https://t.co/VkPpjEPQWH
— Polly Sigh (@dcpoll) July 24, 2018
What they're saying: Republicans diss Trump's aid to farmershttps://t.co/CnkdeX5lYL
— Axios (@axios) July 24, 2018
Question @realDonaldTrump –
The $12bn in emergency aid for farmers will come in a direct assistance program created during THE DEPRESSION (no need for Congressional approval)If our economy is STRONGER THAN EVER- why are we using depression era emergency support?
— Stephanie Ruhle (@SRuhle) July 24, 2018
$12 billion in payoffs for farmers to blunt the political cost of tariffs. Crazypants.
Just sayin, but for $12b you could (a) build 500 new public schools (b) hire 250,000 teachers or (c) pay for a million kids to go to college for a year.
— Chris Murphy (@ChrisMurphyCT) July 24, 2018
Step 1: trade war
Step 2: emergency policies to offset damage from trade war
Step 3: policies to offset damage from policies implemented in step 2
Step 4: policies to offset damage from step 3
…— Paul Krugman (@paulkrugman) July 24, 2018
Let's be clear. This is a self-inflicted wound to the U.S. economy that now requires a bailout by the political party that used to sanctimoniously lecture about free markets and fiscal responsibility. I can abide by a lot but hypocrisy always rubs me raw. https://t.co/X9hMy4mtfA
— Dan Rather (@DanRather) July 24, 2018
Dunno about you, but when I think of free markets, I definitely think of tariffs on hundreds of billions of dollars of goods and then a massive bailout for farmers https://t.co/GQReIKjy9k
— Catherine Rampell (@crampell) July 24, 2018
So, Trump is doling out $12 bil in welfare to farmers (mostly wht in red states) bc he's destroying their biz but needs their vote. That's TWICE what the gov plans to spend on the Special Supplemental Nutrition Program for Women, Infants, & Children (WIC)! https://t.co/gpTGMXhmQH
— Charles M. Blow (@CharlesMBlow) July 24, 2018
Just got off the phone with a soybean farmer and asked for reaction to reported details of USDA relief package.
His initial take on a $12 billion disbursement program: "It would be a band-aid – how do you decide who gets what?"
— Kayla Tausche (@kaylatausche) July 24, 2018
For all of Trump's bluster about the China menace, farmers need those Chinese markets. Those markets may be at risk of getting lost permanently, meaning lots more bailout $$$ will be necessary.
Via @weeklystandard:https://t.co/l1GgFR0LfB pic.twitter.com/splDBUP66P
— Greg Sargent (@ThePlumLineGS) July 24, 2018
Puerto Rico doesn't get a bailout, but farmers do. Fuck everyone who doesn't understand how economics and race are tied together.
— Steven Santos (@stevensantos) July 24, 2018
Whirlpool praised Trump’s tariffs on foreign washing machines but were hurt by tariffs on aluminum and steel
I don’t feel sorry for anyone who supported Trump’s foolish policies. They should have expected this.
Whirlpool once was a leading cheerleader for President Trump's tariffs. Now, it's struggling. https://t.co/lBTCfzb4kZ pic.twitter.com/uAtnnCQuR6
— CNN (@CNN) July 24, 2018
Sad! 