- Feb 22, 2017
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Nat, I said they will have some short term loss.....it's the bigger picture.The New York Times writes:
“I would like to tell the president, ‘Man, you are messing up our market,’” said Kevin Scott, a soybean farmer in South Dakota and the secretary of the American Soybean Association. The idea of changing Nafta, he said, “gives us a lot of heartburn in farm country.”
Scott voted for Trump, but losing the export markets of China and Mexico will be devastating to American soybean farmers.
And farmers aren’t the only supporters Trump is screwing with—his random shoot-from-the-hip trade policies are causing anguish across an array of Trump-friendly industries. More than anything, that’s because he’s creating widespread chaos for farmers, manufacturers, the energy industry, and others.
Terms of Service Violation
China Plans Up to $200 Billion in Trade Concessions, but Skepticism Abounds
They are looking to deal, Xi and Trump are friendly, so I think we'll get one, this is just pre negotiation posturing we're seeing now.
All I can say is, whatever deal the other nations offer.... Trump had better take it. If this trade war continues, there will be systemic consequences that ripple throughout the economy. I guarantee it.
I'm not a fan of tariffs or trade wars, but that's just stupid. Since those countries have higher tariffs, this is hurting their economies more than ours
China has a Socalist Market Ecnommy,
All I can say is, whatever deal the other nations offer.... Trump had better take it. If this trade war continues, there will be systemic consequences that ripple throughout the economy. I guarantee it.
There are no items made or grown in the U.S. that other countries cannot duplicate (except maybe Hollywood movies).........The perfect example is the soybean industry that China bought from us.....
Brazil and Argentina ALSO have a surplus of that commodity, and if China decides to buy from these South American countries, U.S. farmers may lose China as that "customer,"PERMANENTLY.
Or they will start to grow more of their own...
China deploys army of farmers in tit-for-tat trade war with U.S.
If this continues this will devastate the mid-west farmers and the impact will be felt across the nation.
I get a couple dozen Ag publication emails a week and all any of them are talking about is the trade war. The new big question is what will Trump do to help them when the market is gone.
well it's obvious Trump can only do so much to stimulate trade retaliation , the fact is we are far more a free market vs. China's
Our market assumes it's own reactions , theirs assume marhing orders
They do or die, we do or....bailout.
~S~
China has a Socialist Market Economy, their Central government controls far more than ours does, that is why tariffs work so well for them.
It is startling how many people want our country to emulate that.
Booming economy, more jobs than people and 108 months of economic expansion, the 2nd longest in our country's history. But they want to throw that and freedoms out the window in the name of "they are not being nice to us.."