Farm exports have been one of the few exceptions to trade problems.
Those farms will probably take a hit. At least the president is trying to minimize the downside. Where will that money come from? Tariffs...
Overall, we’re going to wind up with a much more level playing field with our trading partners.
What’s more, they know it and are squealing like stuck pigs over it.
The more affluent people I know will not, repeat not, believe this. The response is consistently,, ‘Trump is out of his depth. He thinks every negotiation is like selling a casino package to some Hong Kong shady operators. He knows next to nothing about the ‘more sophisticated and intricate world of international finance and trade. He is going to damage the US badly, watch and see.” I hear this over and over again. Look at the latest ‘Bloomberg Business Week ‘ for a long editorial howl on how Trump will permanently damage the US economy. I know BBW is an anti-Trump megaphone but it is one of the few publications these people sort of read and the take away is ‘Trump is destroying the US trade regime’. The problem with crescendo is it becomes self fulfilling.
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Other US consumers who ultimately pay the tariffs.
Redistribution, pure and simple.
What I don’t get is the soybeans. How are the Chinese going to feed their population wit the sudden end of the American soybean crop? Are they going hungry?