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So it will all even out?
Trash bailing out farmers, etc in the hole HE created, I bet most of these cases aren't farmers, but BigAg, BigChem, BigMeat corps
... while Trash/Repugs intend to cut many $100Bs, even $Ts, from Medicare, Medicaid, Social Security, SNAP, school lunches, Pell, etc
So it will all even out?
Sort of what I asked. Props for the effort, thanks.How many construction projects will be affected by increased rebar costs?
The plural of anecdotes is not data.
Better:
If the Trade War Starts to Damage the Economy, Here’s How You’ll Be Able to Tell
- Business Confidence and Capital Spending: Look to Surveys
- The Stock Market: Exporters vs. the Rest
- Prices and Inflation: What Futures Tell Us
- Jobs: Look to the Claims
South America soybeans are harvested in the spring. North American beans in the fall. China buys seasonly. South America will be out of beans by fall. Trump banking on that the farmer will now store the beans at home. There is a loan program where they loan you $5? A bushel for Soybeans stored in bins. Due in 9 months or when you haul it in. Coupled with the announcement today, I think he just kept a pile of soybeans off the market. Soybeans are vital to China's economy. They need protein and there are few providers of it in that time frame besides North America.
I'm not doctrinaire, but short-term emergency welfare for political cons uencies harmed by reckless trade policies with long-term consequences seems more self-serving than altruistic or wise.
Using public money as a heat sink for bad policy seems unwise to me -- how does it strike you, Ken McCoy?
GOP bigwigs don't like it:
https://www.politico.com/story/2018/07/24/trump-farmers-bailout-reaction-republicans-congress-737517“This is becoming more and more like a Soviet type of economy here: Commissars deciding who’s going to be granted waivers, commissars in the administration figuring out how they’re going to sprinkle around benefits,” said Sen. Ron Johnson (R-Wis.). “I’m very exasperated. This is serious.”
“Taxpayers are going to be asked to initial checks to farmers in lieu of having a trade policy that actually opens and expands more markets. There isn’t anything about this that anybody should like,” said Sen. John Thune of South Dakota, the No. 3 GOP leader. He suggested the new spending might need to be offset by cuts in other funding areas.
Sen. Ben Sasse (R-Neb.) said Trump is giving farmers “golden crutches,” while Sen. Pat Toomey (R-Pa.) said “this bailout compounds bad policy with more bad policy.”“This is what we feared all along, that these markets would be replaced by handouts,” Flake said. “You lose some of these markets, you lose them for good or a long time.”
“You put people in the poorhouse and provide them aid. What you need to do is not put them in the poorhouse,” Corker said. "They put in place a policy that requires farmers to go on welfare.
come election time, Trash's mafiya can shake down the beneficiaries of his handouts, subsidies, and tariff waivers.
aka, Trash's "transaction model",
I use my power/money (now as illegit corrupt so-called Pres of USA) to help you and then I own you / you owe me.
From 2016:
E.U. soybean production on the upswing
http://www.world-grain.com/articles/..._on_the_u.aspx
Dunno. This stuff is fungible, and there is a global market, with one dominant buyer. The Chinese will not cave on this, by my reading. They don't have to.
And i'm sure by "farmers" they actually mean "multinational food conglomerates".
until the aid passes or doesn't pass, it's hard to know anything about eligibility, but that's possible.
https://nifa.usda.gov/family-farmsMost of the U.S. domestic production of food and fiber comes from relatively few large operations. Large and very large family farms produce over 63 percent of the value of all products sold, while non-family farms produce approximately 21 percent, and the nearly 2 million small farms and ranches (sales under $250,000) produce approximately 15 percent.
Trump pushes 25 percent auto tariff as top advisers scramble to stop him
Several of President Trump’s senior economic advisers believe he plans to push forward with 25 percent tariffs on close to $200 billion in foreign-made automobiles later this year, three people briefed on internal discussions said.
Trump wants to move forward despite numerous warnings from GOP leaders and business executives who have argued that such a move could damage the economy and lead to political mutiny.
But Trump has become increasingly defiant in his trade strategy, following his own instincts and intuition and eschewing advice from his inner circle.
He has told advisers and Republicans to simply trust his business a en,
a point he tried to reinforce Wednesday morning in a Twitter post.
“Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking?” Trump said Wednesday.
“Are we just going to continue and let our farmers and country get ripped off?”
Trump has said imposing tariffs on foreign cars could push Americans to buy more U.S. automobiles, helping U.S. workers.
But critics think tariffs would drive up the cost of all cars and pass those inflated prices on to consumers.
The United States imported a record $192 billion in new passenger vehicles in 2017.
The E.U. charges a 10 percent tariff on imports of U.S. automobiles,
and the United States has a 2.5 percent tariff on European cars.
The United States also charges a 25 percent tariff on light truck and sport-utility vehicle imports from other countries.
Complicating matters further,
a number of top European automobile companies,
such as BMW and Mercedes, already make many automobiles in the United States, as do Japanese companies such as Honda, Nissan, Toyota and Subaru.
https://www.washingtonpost.com/busin...nl_most&wpmm=1
Business a en
Inheritance money is business a en now
It gets me so horny inspired when you own the libs with Trump tweets.
A Message From a C.E.O.: Tariffs Are Going to Hurt American Workers
By Tom Linebarger
Mr. Linebarger is the chief executive of mins. ( diesel )
mins employs about 1,000 people in Seymour, and we have invested more than $300 million into the plant in the past seven years, including a technical center that employs hundreds of engineers.
In the past year, we have added nearly 50 employees.
While other small towns are struggling, Seymour is thriving.
However, increased supply-chain costs because of the recent tariffs will raise the price of the products from Seymour.
We may also face retaliatory tariffs, which could result in lost sales and restrict or reverse our growth.
International trade has been the single most important contributor to growth and hiring at mins for nearly two decades.
Half of our business is outside the United States, and more than 20 percent of the 25,000 mins jobs in America are directly tied to international business.
And when we are growing, it often means our suppliers are also growing.
Let’s be clear: a tariff is a tax, plain and simple.
For mins, the impact of tariffs on steel and aluminum,
tariffs applied to products we bring to the United States,
as well as retaliatory tariffs imposed on products we export to other countries
will be difficult to mitigate even with the benefits of tax reform.
And this does not take into account the latest and additional proposed tariffs, nor does it include the indirect costs that, inevitably, will be passed through to us and other companies like us by suppliers.
One model of engine, for example, was developed in the United States but is manufactured in China for the Chinese market.
A small number of those engines — approximately 5,000 — are exported from our plant in China to the United States, so they are considered subject to tariffs under the administration’s recent actions.
So this product — developed by American engineers and sold by an American company — faces a 25 percent tariff here at home
and must compete against products from European and other Asian engine manufacturers that are not subject to the tariffs.
This will make it very difficult for mins to compete, putting our ability to sell these engines in the United States in peril.
These tariffs put us in a worse position now than when we started these negotiations, and
we are concerned there is no end in sight.
Because of this uncertainty, companies like ours are standing still, unclear on how and where to invest.
We see no upside in the implementation of tariffs.
They are a tax, and the risky proposition of entering a trade war could slow down the economy.
American workers and their families will be the real casualties of a trade war.
https://www.nytimes.com/2018/07/25/opinion/trump-tariffs-hurt-manufacturing-jobs.html?partner=rss&emc=rss
Relax, man, Mnuchin says your precarious situation and uncertain future are "just a hiccup"
EU just blinked you can relax now.
Lol
Now they will say zero tariffs and free trade are bad.
"our closest allies agreed to work towards better trade policies"
Holy , that must have taken a very stable genius to pull off.
Did I say "impressed"? I mean NOT impressed.
It seriously takes some gullibility to buy the propaganda around this on your part.
Pick a fight with close friends/enemies, then walk it back a little with a meeting and declare victory, so the muppets can clap on cue.
Keep clapping, Fozzie.
Poor RandomGuy, you aren't going to get the economic ruin and nuclear armageddon you've been hoping for
Too much winning for you to handle, you must be sick of it
MAGA
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