Trump seeks to reassure anxious farmers being hurt by his trade war with China
Source: The Washington Post
By John Wagner
July 11 at 9:26 AM
President Trump on Wednesday sought to allay rising anxiety among farmers about the impact of his trade war with China, promising over Twitter to bolster sales of their products but acknowledging it could take a while.
Link to tweet
His attempt at reassurance came a day after he escalated his trade war with China, identifying an added $200 billion in Chinese products that he intends to hit with import tariffs. The move made good on the presidents threat to respond to Chinas retaliation for the initial U.S. tariffs on $34 billion in Chinese goods, which went into effect on Friday.
The fallout has been acutely felt by soybean producers and other agricultural sectors in the Midwest prompting even some members of Trumps own party to voice alarm.
Im very, very nervous about it, and my constituents are very, very nervous about it, Sen. Charles E. Grassley (R-Iowa) said in an interview on Fox News on Wednesday morning shortly before Trump sent his tweets from overseas.
Read more: https://www.washingtonpost.com/business/economy/trump-seeks-to-reassure-anxious-farmers-being-hurt-by-his-trade-war-with-china/2018/07/11/11f0b48a-8509-11e8-9e80-403a221946a7_story.html
Dopers_Greed
(2,640 posts)After all, "economic anxiety" was what helped him get elected.
It's time his supporters experience real economic anxiety.
mpcamb
(2,870 posts)Let's see what that gets them.
Botany
(70,483 posts)Tell that to the sorghum farmers in Kansas.
https://www.bloomberg.com/news/articles/2018-04-17/chinese-sorghum-tariffs-will-hit-hard-in-trump-friendly-kansas
Sorghum growers arent so lucky. On Tuesday, Chinas Ministry of Commerce announced it would impose a 178.6 percent duty on sorghum imports from the U.S. that will take effect almost immediately. The news puts an additional Trump-friendly state (and Republican leader) squarely in the crosshairs: Kansas is the largest sorghum producer in the U.S., and its senior senator, Pat Roberts, chairs the Senate Agriculture Committee.
Its extremely frustrating and very disappointing, says Jesse McCurry, executive director of the Kansas Grain Sorghum Commission. Half of Kansas sorghum or more was going to China, and that probably stops, at least for now.
The new Chinese measure is a response to the tariffs Trump slapped on solar panels and washing machines earlier this year. China began a probe of sorghum imports in early February, shortly after Trumps announcement. We knew this was hanging over our heads, says Kurt Winter, a sorghum farmer in Sedgwick County, Kansas, just outside Wichita. But when we heard the news this morning, it was still just devastating to us. Its really going to put the hammer to our price prospects.
Trumps campaign-trail protectionism and attacks on China were a big part of his appeal to Republican voters in 2016. But as hes begun implementing those policies as president, the economic fallout has landed heavily on his own voters. Hardest hit by the new tariffs will be Robertss old congressional district (KS-01), known as The Big First for its sprawling, agriculture-intensive acreage. In the last election, Kansass first district voted for Trump over Hillary Clinton by 45 points.
WhiteTara
(29,699 posts)thucythucy
(8,043 posts)about what Trump is doing.
Join the club.
We've been "very very nervous" about Trump ever since he came down the escalator way back when.
vlyons
(10,252 posts)You can forget about Republicans voting to raise subsidies for soybean farmers. Or maybe you're gonna make nice with China yeah? Trump is such a lying asshole.
turbinetree
(24,688 posts)by saying this shit from your mouth, it is about as moronic coming out of the mouth of well a moron, and traitor............
" I will open....things up, better than ever before, but it cant go too quickly. I am fighting for a level playing field for our farmers, and will win!"
And it "but it can't go to quickly".....................
He really needs to bang his head against a wall and slap himself on the forehead he is that stupid...............below is an article that shows that this asshole has no clue as to what he is doing, the graft alone says it all, and what he has done is turn that graft upside down..........................he is a idiot...................
https://www.card.iastate.edu/ag_policy_review/article/?a=66
November 2018 cannot get here fast enough........................vote
fierywoman
(7,680 posts)turbinetree
(24,688 posts)C_U_L8R
(44,997 posts)This shitheel is a one man wrecking crew of financial disaster.
What are those MAGAT's thinking???
Historic NY
(37,449 posts)in the market EL Trumpo doesn't seem to understand you can only sell so much. Apparently the farmers bet the farm this year planting more than other crops.
dalton99a
(81,432 posts)WTF. RELAX!
"It will be better than ever. You will enjoy it. Believe me"
boxwine
(1 post)Here in Butler County Missouri the largest nail manufacturer in the USA is closing due to new tariffs, and half of the county raises soybeans and rice. 80% of the voters voted for Trump. Maybe they are getting what they deserve.
Bayard
(22,038 posts)Sorry to say, hitting Rethuglicans livelihood may be the only way to change their vote.
CrispyQ
(36,446 posts)Or are you another Flake, all talk, no action?
Javaman
(62,510 posts)War is peace
freedom is slavery
ignorance is strength
Solly Mack
(90,762 posts)The GOP will gut something people need to survive to give welfare to all those Trump supporting farmers with their hands out begging.
And if you voted for Trump and your farm is going under, why not reach down and grab your own bootstraps - isn't that what you think other people who need help should do?
Well, enjoy bending over.
Sure, I'll pay more - but I won't be buying from you will I? Your farm is gone.