Farmers Filing Bankruptcy at Record Levels---Thanks, Trump

[theHawk]

Here's what we told you would happen when Trump treated China like he's a hammer and they're a nail:

FROM THE CONSERVATIVE, REPUBLICAN WALL STREET JOURNAL:

‘This One Here Is Gonna Kick My Butt’—Farm Belt Bankruptcies Are Soaring

"""Trade disputes under the Trump administration with major buyers of U.S. farm goods, such as China and Mexico, have further roiled agricultural markets and pressured farmers’ incomes. Prices for soybeans and hogs plummeted after those countries retaliated against U.S. steel and aluminum tariffs by imposing duties on U.S. products like oilseeds and pork, slashing shipments to big buyers.

Low milk prices are driving dairy farmers out of business in a market that’s also struggling with retaliatory tariffs on U.S. cheese from Mexico and China. Tariffs on U.S. pork have helped contribute to a record buildup in U.S. meat supplies, leading to lower prices for beef and chicken."""""
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If tariffs don’t work then why does China and the EU use them?

 

[Moonglow]

Here's what we told you would happen when Trump treated China like he's a hammer and they're a nail:

FROM THE CONSERVATIVE, REPUBLICAN WALL STREET JOURNAL:

‘This One Here Is Gonna Kick My Butt’—Farm Belt Bankruptcies Are Soaring

"""Trade disputes under the Trump administration with major buyers of U.S. farm goods, such as China and Mexico, have further roiled agricultural markets and pressured farmers’ incomes. Prices for soybeans and hogs plummeted after those countries retaliated against U.S. steel and aluminum tariffs by imposing duties on U.S. products like oilseeds and pork, slashing shipments to big buyers.

Low milk prices are driving dairy farmers out of business in a market that’s also struggling with retaliatory tariffs on U.S. cheese from Mexico and China. Tariffs on U.S. pork have helped contribute to a record buildup in U.S. meat supplies, leading to lower prices for beef and chicken."""""
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The first sign of a major recession falling commodity prices..aka deflation...

Also homes not selling...we've got that going on here in SoCal.

Same her in the middle of America.