Another victory for our president, China will pay 16 billion to help farmers suffering from natural tariff causes. This is a great day for the country and I hope those who often criticize the president can for once thank him.
So Americans get double hosed. First they pay the higher tariffs when they purchase the produces made from the tariffed item. Then, they pay a second time when Trump takes $16b from the treasury to give to the farmers.
And meanwhile China is in the process of securing vendors in other countries for many food products that they would buy from us. Trump keeps saying that our farmers sacrifice will be rewarded in the long run.
I don’t think that he understands that if China invests in getting new vendors those orders to our guys are not coming back. And it is going to get worse every day that this trade war goes on.