Trump Says U.S. Will Purchase Crops to Offset China Losses

conan · 2019-05-11T01:11:41.958Z

Bingo.

We should never allowed all those eggs in one basket…specially when it’s dictators basket.

And I suppose to feel sorry for those that came dependent on that basket?

BlueHeron · 2019-05-11T01:16:28.434Z

CanadianJudo:

Which is inline with the point of tariff to lower the profit margin of importers to make buying domestic more appealing.

but the real question is low skill manufacturing something America can compete in.

It would take years to build and outfit manufacturing plants. I’m not saying that we couldn’t do it, but it’s going to cause a lot of pain. And seriously, how many American or international corporations would invest (part with precious shareholder capital) billions in manufacturing within the USA?

CanadianJudo · 2019-05-11T01:18:23.648Z

You don’t feel sorry for the American farmers who are getting shafted here?

JayJay · 2019-05-11T01:20:10.989Z

They are getting shafted for the good of the nation or something…

conan · 2019-05-11T01:20:31.933Z

You’re aware flags been popping up for over a decade now. They choice to ignore em just like housing market back in 08.

When knew it wasn’t sustainable back around 04 or so. About the time Bush was bragging that more people own homes then ever before during is reelection campaign.

CanadianJudo · 2019-05-11T01:22:20.115Z

so you disagree with Trump spending billions of your tax dollar to buy off farmers to keep them form going bankrupt.

conan · 2019-05-11T01:26:33.212Z

I think that goverment has to do something to allow for market adjustment to take place…since it’s goverment fault for promoting it in first place.

What did American farmers do before the sales of grain to China taken place?

vaard · 2019-05-11T01:46:11.393Z

Snow96:

Actually the Chinese companies DO pay the tarrif to the US government. Then US costomers pay more to the chinese businesses. Or if they get too expensive, then they start buying local pruducts.

no…

my company buys steel from china…

if we buy $100,000, we pay 100,000 to the company we buy form and $25,000 to the us government…

which we then slap a “tarriff fee” when we sell to our customer, who in turn raise the price to the consumer…

vaard · 2019-05-11T01:48:03.724Z

conan:

I think that goverment has to do something to allow for market adjustment to take place…since it’s goverment fault for promoting it in first place.

What did American farmers do before the sales of grain to China taken place?

they received money from the government to not grow those crops to not affect the us price…

Kevhead · 2019-05-11T02:07:25.082Z

Even sounds a little like socialism

CanadianJudo · 2019-05-11T02:09:44.842Z

Gotta keep that corn price fixed.

Roxiebelle · 2019-05-11T02:12:25.259Z

CaughtInTheMiddle:

I think the president hears the farmers and is going to try to bail them out even more (using taxpayer money) from the strain caused by Trump policies.

Yeah he is going to use the $500 BILLION taxpayer money that is lost every year to China’s benefit to offset the interim trade negotiation damage to farmers with plenty enough left for other American needs such as infrastructure or even or a wall!

Taxpayers pay either way and if it’s in favor of the Chinese it’s just helping China and hurting America! President Trump is not kicking this can down the road, as other Presidents have, and can clearly see the negative long term impact on the country if we do not get a handle on the unfair trade practices with China who has a goal of world dominance in 30 years and America has literally been helping them to meet that goal for decades.

CanadianJudo · 2019-05-11T02:13:21.373Z

so he is going to tax American companies 500 billion dollars give it to American farmers, and somehow that will show China.

Jezcoe · 2019-05-11T02:14:00.712Z

Roxiebelle:

CaughtInTheMiddle:

I think the president hears the farmers and is going to try to bail them out even more (using taxpayer money) from the strain caused by Trump policies.

Yeah he is going to use the $500 BILLION taxpayer money that is lost every year to China’s benefit to offset the interim trade negotiation damage to farmers with plenty enough left for other American needs such as infrastructure or even or a wall!

Taxpayers pay either way and if it’s in favor of the Chinese it’s just helping China and hurting America! President Trump is not kicking this can down the road, as other Presidents have, and can clearly see the negative long term impact on the country if we do not get a handle on the unfair trade practices with China who has a goal of world dominance in 30 years and America has literally been helping them to meet that goal for decades.

What $500 billion is lost every year to China?

I am confused as to what you are talking about.

CanadianJudo · 2019-05-11T02:17:03.073Z

Much like Trump they don’t understand how “Trade” works, they somehow think a trade deficit means they are losing money which isn’t true since you make money on every import from taxes.

Jezcoe · 2019-05-11T02:18:29.710Z

CanadianJudo:

Much like Trump they don’t understand how “Trade” works.

That is what I find confusing.

It’s not like we collectively send $500 billion to China and get nothing for it.

We get $500 billion worth of goods.

So that is why I asked for clarification

CanadianJudo · 2019-05-11T02:21:05.150Z

Trump told them America is losing money on trade with China, when in reality trade with China has made America one of the biggest economies in the world.

reflechissez · 2019-05-11T02:30:02.746Z

conan:

You’re aware flags been popping up for over a decade now. They choice to ignore em just like housing market back in 08.

When knew it wasn’t sustainable back around 04 or so. About the time Bush was bragging that more people own homes then ever before during is reelection campaign.

What flags are you talking about?

Chris · 2019-05-11T02:46:28.975Z

The US President has too much power. The Congress over the last many years has been guilty of giving the President too much power.

Bodecea · 2019-05-11T02:56:46.278Z

CaughtInTheMiddle:

Trump Says U.S. Will Purchase Crops to Offset China Losses - Bloomberg

“Trump said on Twitter on Friday that the U.S. will use its money from the tariffs to buy American agricultural products “in larger amounts than China ever did” and send it to “poor & starving countries” for humanitarian aid. The president indicated potential purchases of $15 billion from farmers. Soybean and grain futures held mostly steady after the announcements, while industry groups opposed Trump’s additional U.S. tariffs on China.”

Also…

"The soybean group joined the National Corn Growers Association and the National Association of Wheat Growers in a joint statement.

“These additional tariffs will continue to put a strain on our export markets and threaten many decades worth of market development,” Ben Scholz, a Texas wheat farmer and president of the wheat group, said in the statement."

I think the president hears the farmers and is going to try to bail them out even more (using taxpayer money) from the strain caused by Trump policies.

Is kind of what he’s done his whole life isn’t it? Cause a lot of financial stress for other people.

You mean Socialism, smellie donnie?