China One-Ups Trump in Trade War as Beijing Suspends All Imports of U.S. Farm Products
hits “trade wars are easy to win” Trump where it hurts — right in the bread basket.
Farmers — Agriculture Industry, you read that correctly — China stopped buying ALL of YOUR products.
Wall Street Journal:
Feeding China’s growing appetite has meant big business for the U.S. farm economy. China was one of the biggest export destinations for U.S. agricultural commodities from 2009 to 2017 alongside Canada and Mexico, according to the U.S. Department of Agriculture.
In 2017, Chinese buyers imported $19.5 billion in farm goods.
That dropped to $9.1 billion last year as China’s tariffs on U.S. soybeans, pork, milk and other products
Over the first six months of this year, China’s agricultural imports from the U.S. were down 20% from the same period last year.
Given the scale of China’s agricultural imports, it would be hard for U.S. farmers to make up for those sales even with much higher exports to other nations, economists say.
And TAXPAYERS are paying for everything — farmer bailout subsidies — and the increase in prices from Trump tariffs.
Last year, the administration subsidized U.S. farmers to the tune of more than $10 billion. This year, payouts to farmers will top $14 billion.
“But farmers say it’s not enough.” Republicans send #ThoughtsAndPrayers
Farmers and those whose jobs depend on them, it’s not too late…
Republicans could have stopped Trump but they didn’t. They’ve proven they don’t care about you. So REFUSE to vote for Trump or Republicans in 2020.
It was Obama who saved the Auto Industry — a Democrat can save the farming industry.
So vote for Democrats.