Trump’s Trade War With China Is Taxing Missouri Farmers

Wall Street Journal ^ | May 17, 2019 | Blake Hurst

[central_va]

Farmers are the moat pampered 4% of the workforce you can find. Tractor monkeys are so special.

[litehaus]

“Tariffs are a tax on U.S. consumers.
*************************
There is the lie. Tariffs are a barrier to the products affected. Consumers will buy elsewhere.”

OR
Consumers will consume something else...I. E. If beef expensive? Buy Pork? etc etc etc

[central_va]

The major hypocrisy here is that, without exception, most of the anti tariff traitors are also deficit hawks. The tariffs will generate $150B/yr in direct revenue to the US treasury and very much help "balnce the budget" Hypocrites all.

[central_va]

Why doesn’t the WSJ praise the revenue aspect of the tariffs? $150B/yr of NEW revenue will come into the US Treasury, that is significant. It helps to decrease the budget deficit in a major way.

[jjotto]

November and January futures are basically steady. Brazil has had a smaller than anticipated soybean crop.

[bert]

Interesting.

I was thinking more of an existing contract for deliveries over time at a contracturally fixed price. Is the Chinese buyer, perhaps the government, still required to purchase at a tariffed price.

Which raises the question, can the Chinese government waive the tariff on purchases it makes ?

[jjotto]

Likely the question of Chinese tariffs being applied to existing contracts would be up to the Chinese government, but my instinct would be that they would not, at least officially.

With China, I’m not sure there’s a way to really know what it’s doing internally.

[bert]

Yes...... interesting isn’t it.

The soy bean guys might not actually lose any sales to China

[jjotto]

Worldwide demand is what it is. The commodity will be sold one place or someplace else. Traders with sweetheart deals with China are driving the hysteria.

Note that corn and DDGS from ethanol production can take the place of a lot of soybeans as animal feed, so China may buy more corn while buying less beans.

[Professional]

It’s amazing how tariffs against these other nations that have butt raped us for decades are always bad for us somehow???

The media wouldn’t be biased would it????

[Steven Tyler]

Coastal elitist should view Greg Hunters weekly update for May 17 2019
https://usawatchdog.com/traitors-going-to-jail-china-trade-war-economic-update/

ff to 23:35.
The Mississippi river floodplain remains covered in water.
Hundreds of acres are not seeded/planted.
Pray the water drains off the land!

[Western Phil]

“Seed has been in the ground for weeks now.”

Don’t know where you live, but in Illinois, due to the cold & wet Spring the % corn and soybeans planted is near 0. Normal for corn in mid-May is 100% and soybeans near that.

[Western Phil]

“the government has promised to subsidize their soybean crops to offset the loss from tariffs.”

Don’t know how much of that is real. Its the same government that made the Indian treaties.

[faucetman]

Tell the farmers to call a Wambulance.

Grow extra Ethanol instead.

[Just mythoughts]

A ‘flood warning’ remains in effect in Atchison County, until Tuesday morning. Soybeans do not grow like rice, even if any seeds got planted this spring.