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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I had to go look up what happened to farmers after the last tariffs and here are some numbers: - the 2018 tariffs cost farmers between $27-$30 billion - we paid those farmers $23 billion in aid to bail them out - according to an agricultural news and information source about the old and new tariffs, “when Trump left office in 2020, farm income increased by 27% with President Joe Biden at the helm.” [/quote] The farmers were just starting to recover from trump tariffs in 2018, and now they are dealing with this. And some of their business never returned after 2018. [b]China was the biggest buyer of U.S. soybeans, and they largely swapped to buying soybeans from Brazil instead. The U.S. never got the lion’s share of the market back because china chose to stay with Brazil.[/b] Now that china is retaliating with further soybean tariffs, guess who is there to scoop up the few contracts that remained? Brazil again. The soybean trade with china will never come back. [/quote] This is the lesson MAGA/GOP *should* have learned. You don’t gaslight and burn your friends and then come back because you want to and expect that everything’s peachy. Maybe they’d do week to read and study the DCUM Relationships forum. [/quote]
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