Dust Bowl Economics: Trump wants taxpayers to bail out farmers hurt by his trade war.

Wall Street Journal ^ | July 11, 2018

[TexasM1A]

Anecdotal i know, but most of the Indian Steels we have ever used have been of poor quality. Their RTJ and Bonnet gaskets are not too bad, but thier bar stock is suspect.

[mewzilla]

Agribusiness wanted COOL repealed and got it.

They’ll get no sympathy from me now.

[central_va]

You are so full of shiite your eyes are turning brown. Only 4% of the USA is involved in agriculture. A vast amount of food is grown/raised by multi national corporations.

There is no way the mid west will ever vote Democrat.. You are on drugs.

If we make public economic trade policy vase on what pig slopers think the USA has no hope.

[jpsb]

Maybe China will rethink it’s 25% tariff on US manufactured goods.

[Old Retired Army Guy]

I have a hunch that Trump and his team will work out all these Tariff issues in the next 2 months.

[central_va]

Why does the rest of the world almost universally practice protectionism? And name a country with lower average tariff rates than the USA. Answer those questions or shut up you globalist hacks at the no Wall Street Urinal.

The 30 year globalist experiment in "Free Trade" is an abject failure. Why? because the rest of the of world didn't play along and used the USA like a cheap whore.

[Oklahoma]

Matthew 7:15-20 New King James Version (NKJV)

You Will Know Them by Their Fruits

15 “Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves. 16 You will know them by their fruits. Do men gather grapes from thornbushes or figs from thistles? 17 Even so, every good tree bears good fruit, but a bad tree bears bad fruit. 18 A good tree cannot bear bad fruit, nor can a bad tree bear good fruit. 19 Every tree that does not bear good fruit is cut down and thrown into the fire. 20 Therefore by their fruits you will know them.

Unions are a bad tree bearing bad fruit. When you post garbage that comes straight from the Unions it’s obvious you aren’t interested in the common working man.

[central_va]

You don’t want to know what I think should happen to the WSJ editorial board.

[Clutch Martin]

Dr. CARSON your presence is requested in the cabinet room to discuss domestic food changes to the food stamp and the WIC program...

IOW use only basic foodstuffs grown and processed on U.S. soil. Eliminate gourmet selections, alcohol and tobacco products. cleaning products, paper products, and other items used for sanitation should also be exclusively produced in the US with raw materials coming from us providers from sources within the country.

While we’re on the subject U.S. military clothing items from hat the boots should all be produced using United States manufactured textiles exclusively. Buttons, zippers, elastic, Velcro... Should all come from the US exclusively. In other words 100% sourced and made in America.

[central_va]

So you ignorant < expletive deleted > you quote the Bible but have no clue as to the status of unions in the USA. STHU loser. Go away.

[rb22982]

As long as they have tariffs on our products, have barriers where we can’t even export to the other country, and where they force 51% JVs and steal IP, we absolutely must have tariffs on those countries. That doesn’t touch the fact that we impose massive regulations (labor, environmental) on US businesses and then allow MNCs to skirt them by going to third world countries, hurting US workers (at the very least we should have a tariff equal to that for countries with dissimilar laws)

[rb22982]

Exactly

[rb22982]

Actually - the tariffs we charge would easily cover offsetting any loss from US production for any industry, since we import so much more than export.

[mplc51]

Farmers will go broke in masses in next 2 years.

[khelus]

Re: We expert agri products ( the ghetto of economic wealth creation ) and import high tech consumer electronics. That’s so smart. /sarc

sounds like the business plan for a third world economy LOL

[rb22982]

Exactly - that’s why the “free traders” argument is insane. The other side has been fighting the trade war for 3 decades. We just haven’t been fighting back.

[khelus]

Re: The trade “war” was already on, we were just not firing back!

How True

[rb22982]

Yup - since “free trade” took off - wages for the bottom 80% of workers has been zero adjusted for inflation, GDP has grown at only 2% (vs our LT average of 4%), and we went from no trade deficit to over 1/2 trillion a year.

[rb22982]

Extremely unlikely - the vast majority of production is consumed in the US and farmers are 1) pretty adapt at adjusting to the next highest value for their land 2) Most farmers are commercial owned by large MNCs now 3) The tariffs we are adding are going to hurt these other countries far, far, far more than it hurts us and they are likely to blink first. When they remove their tariffs and trade barriers - and they will - Farmers and all US manufacturers will get a huge boost. You have to remember - EVERY country in the world practices protectionism vs the US.

In the early 1900s and going back to our founding, tariffs paid the bills in DC. Why is only 1% of our tax revenue tariffs today?

[Terry Mross]

All cotton, rice, corn and soybean farmers get subsidies.