Posted on 04/25/2018 10:18:36 PM PDT by cba123
In off the record conversations with fund managers and investment research firms in New York, there is a growing consensus that Trump will ultimately slap tariffs on a broad array of Made in China goods. The threats of tariffs would have moved to becoming actual tariffs.
China charges more for imports of U.S. products -- sometimes 10 times more (automobiles, for example) -- than the U.S. charges for China goods coming here. Politically speaking, the trade war is something Wall Street hates, but Main Street does not. There is a concern in farm country that higher U.S. tariffs would force China to raise tariffs on American soy. They have already raised import costs on sorghum in retaliation for Washington's ban on U.S. companies doing business with China telecommunications firm ZTE.
(please see link, for full article)
(Excerpt) Read more at forbes.com ...
China needs to REMOVE tariffs. Not reduce them.
I might ask around a little to find out if some farmers will let their fields lay fallow this season.
Why would they?
If a farmer grows something, they can decide where it is shipped.
If China doesn’t buy it, then China will have to buy it from some other place. Then some other place will have to buy it from America.
No impact.
ZERO impact.
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