Trump's Tariff War Threatens To Erode Supporters Of Farmers

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1JE2X2



MON JUN 18, 2018 / 6:33 PM EDT
Trump's tariff war threatens to erode support of farmers
Mark Weinraub

FILE PHOTO: Soybeans being sorted according to their weight and density on a gravity sorter machine at Peterson Farms Seed facility in Fargo, North Dakota, U.S., December 6, 2017.
REUTERS/DAN KOECK/FILE PHOTO

FILE PHOTO: A woman shops for apples at a farmer's market in Union Square in New York February 20, 2012. After an unusually mild winter, New Yorkers are enjoying the return of spring weather.
REUTERS/ANDREW BURTON/FILE PHOTO


(Reuters) - President Donald Trump's tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers - U.S. farmers now seeing their livelihoods in jeopardy.

Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies and vowed to repeal estate taxes that often hit family farms hard.

Now those same farmers are seeing crop prices fall and export markets shrink after Trump's tariffs triggered a wave of retaliation from buyers of U.S. apples, cheese, potatoes, bourbon and soybeans.

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"A lot of people in the ag community were willing to give President Trump the benefit of the doubt," said Brian Kuehl, executive director of Farmers for Free Trade. "The reason you are seeing people increase the pressure now is because the pressure is increasing on them. Now the impact is really starting to hit. It is not something you can just take lightly."

His group, along with the U.S. Apple Association, will start running television ads on Tuesday attacking Trump's tariffs in Pennsylvania and Michigan, apple-growing states that could play a role in which party controls Congress after the November elections.

Trump, a Republican, has said farmers will not become a casualty in any trade war, floating ideas like subsidizing those hurt by tariffs.

Even before trading partners imposed tariffs, U.S. farmers were facing a tough year. Net farm income was expected to fall 6.7 percent to $59.5 billion in 2018, according to the U.S. Agriculture Department.

Now an even more bearish tone hangs over agricultural markets due to trade spats with NAFTA partners Canada and Mexico, plus mounting tensions with China and Europe.

After Trump imposed tariffs on steel and aluminum imports, Mexico imposed a 20 percent tariff on imports of U.S. apples, potatoes and cranberries.

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Last week, Trump imposed $50 billion in tariffs on China. Beijing retaliated with a 25 percent tariff on U.S. soybeans and other goods starting July 6, sending soybean futures Sc1 to a two-year low and throwing into doubt forecasts for U.S. soybean exports to rise 11 percent this marketing year.

China's tariffs could contribute to a 30 percent drop in income for Ohio corn and soybean farmers this year, said Ben Brown, manager of an Ohio State University farm program.

If the tariffs stay in place, net farm income in Ohio could drop as much as 63 percent in 2019, he said.

Last week, the American Soybean Association said it was disappointed and for weeks had implored the Trump administration to "find non-tariff solutions to address Chinese intellectual property theft and not place American farmers in harm's way."

The group added that the White House has ignored its requests for meetings.

The timing also hurts farmers, as it is too late in the season for farmers to adjust planting plans.

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The farm states warned him that trade war was not good for farmers.
Brazil produces soy beans so China and Mexico can get their beans fill from them.

 

This trade war deal is just another example of DJT aching impulsivelyband not thinking things out.

China and EUNare playing chess, DJT is playing checkers and they are not even Chinese Checkers.

 

This "trade war" is the buzzword invention of leftist media.

Negotiating for a stronger position isn't a "trade war".

 

It doesn't even matter what game Trump was playing, you can't take on the whole world at the same time. Ripping up NAFTA at this point would be a total disaster. Not to mention that we need China and South Korea to help with North Korea.

 

Tell that to the farmers. Pretty sure they call bs. Even the Trump administration has used the term.

 

Idly wondering what you have to say about this:

http://www.businessinsider.com/trum...ll-tariffs-trade-barriers-at-g7-summit-2018-6

"President Donald Trump suggested to the G7 leaders that the world should eliminate all tariffs, trade barriers, and subsides in order to promote free trade."

 

Watch us.

 

Oh LOOK!! The G7 has suddenly agreed to address the UNFAIR TRADE PRACTICES our President willingly confronted, to HELP AMERICANS on the global market.

The OBVIOUS difference in results from " grabbing the bull by the horns" as does Pres.Trump, as opposed to "grabbing his ankles" as did his predecessor...


US, EU Agree to Start Talks on Trade After G-7 Summit Standoff


The United States and European Union will establish a dialog on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada.

U.S. trading partners have been furious over President Donald Trump's decision last week to impose tariffs on steel and aluminum imports from Canada, the European Union and Mexico as part of his "America First" agenda. Some countries have retaliated with their own levies on U.S. imports.

"The principle of a dialog was agreed this afternoon," the French official told reporters. "Everyone agreed, including President Trump."

While G7 leaders confronted Trump with a slew of data on imports and exports in a bid to sway his thinking, Trump countered his own numbers and held his position that the United States was at a disadvantage on international trade, an official who followed the talks said.



https://www.newsmax.com/finance/str...uropean-union-g-7-trade/2018/06/09/id/865144/



DARN!! BAD NEWS for the CATASTROPHE CHEERLEADING OP....

 

#Winning

 

Yeah Newsmax. LOL
Meanwhile in the REAL WORLD 3.2 billion in tariffs starts today.

https://www.google.com/url?sa=t&sou...AhAB&usg=AOvVaw0na34PPYabZ4YDH3n-Gwzq&ampcf=1

 

Yep. Hardball WINS for Americans....Wimp Ball , ala Obama, DOES NOT.

 

Which will make the Eurosleaze all that more anxious to resolve the issue as they NEED THE US MARKETS, FAR MORE THAN WE NEED THEIRS...speaking of the REAL WORLD.

Why are they against ZERO TARRIFFS? Gee...I wonder...that obvious answer clearly eludes you.

But, of course, anything other than bent over groveling, in anything international, completely baffles the ankle grabbing left....

 

You have been shown to be wrong multiple times yet you persist to spin in a fantasy world faster and faster.

I hope it lasts.

 

Want a fun fact?
We have over 50,000 active tariffs.

Want another fun fact?
US tariff rates are the lowest in the world among major import/exporters.

Want another fun fact?
Our current tariffs are at the lowest point they've ever been in our history.

But by all means ...fall for the TDS "trade war" hype.

Trump tries to improve our economy and leftists believe its the end of the fkin world, even though its not, because it is actually the end of the world for their DNC overlords - a stronger economy translates to less Democrat voters.

Think about that one for a moment.

 

Your a glass half full of Trump kind of guy.

 

Just cause China wants to starve their people doesnt mean American farmers wont have the rest of the world to buy their goods.

 

We have codes for 50k items that could be subject to tariffs. That doesn't mean we have 50k tariffs.

And tariffs were the lowest in history. Trump changed that. Now we are facing tariffs on our products that very well may be the highest in the last 100 years.

 

No. he's a "let's stop the inequitable trade bullcrap" kind of guy, it would appear.

 

Good. If it helps ENDS/MITIGATES the BLATANT INEQUITY in trade policies, tremendous. It will.

 

No. But when the EU, Pacific nations, Mexico, and Canada join in, we will be left with some pretty poor countries to sell to.

Wasn't the whole point of switching to bilateral agreements to divide and conquer?

 

They need us more than we need them. You keep forgetting that "little detail".

 

Its their own fault.

Socialism is stupid

 

That's a big "IF".

 

Ignorance is Bliss.