Trump Administration -  The trade war is on (227 views) Notify me whenever anyone posts in this discussion.Subscribe
 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostJul-6 10:19 AM 
To: All  (1 of 14) 
 112593.1 

CNN Money: Businesses and consumers beware. Washington put tariffs on $34 billion worth of Chinese goods on Friday, and Beijing immediately responded with penalties of an equal scale.

The cost of the new tariffs can be found in the roughly 1,300 individual products that have suddenly become more expensive.

Related: China says the US has started 'the biggest trade war' in history

The additional taxes will ripple through supply chains, forcing companies in both countries to decide whether to take a financial hit themselves or pass it along to consumers. If demand drops, jobs will be in jeopardy.

Here are some of the goods in the firing line.

 
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From: BlueManDudeJul-6 10:38 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (2 of 14) 
 112593.2 in reply to 112593.1 

It's a great day in Iowa for Joni Ernst and her hog farming supporters...

 

 
From: Black Cat (NYTSHADE) DelphiPlus Member IconJul-6 11:09 AM 
To: BlueManDude  (3 of 14) 
 112593.3 in reply to 112593.2 

And for all the soybean farmers in Indiana, the fourth-largest producer in the nation, who voted in Trump by double-digits.  Enjoy!

 

 
From: BlueManDudeJul-6 11:14 AM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (4 of 14) 
 112593.4 in reply to 112593.3 

all making America great again, fuck the soybeans, hey fellow soybean farmer, did you hear trump give the biz to sen. Warren last night, a DNA test, trump is so awesome!

 

 
From: Black Cat (NYTSHADE) DelphiPlus Member IconJul-6 1:02 PM 
To: BlueManDude  (5 of 14) 
 112593.5 in reply to 112593.4 

U.S. Soybean Prices Crumble

“Soybean prices in the U.S. and Brazil, the nations that account for roughly 80 percent of global exports, have taken drastically different paths thanks to Donald Trump’s trade war,” Bloomberg reports.

“In the U.S., average cash prices fell to about $7.79 a bushel this week, the lowest in almost a decade… Meanwhile in Brazil, exporters have been handed high times. Soybeans to be loaded in August at the nation’s Paranagua port fetched $2.21 a bushel more than Chicago futures as of Friday, the widest gap since data starts in 2014.”

 

 
From: BlueManDudeJul-6 1:05 PM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (6 of 14) 
 112593.6 in reply to 112593.5 

Wow, no wonder the fed is sending out warnings...

 

 
From: Black Cat (NYTSHADE) DelphiPlus Member IconJul-6 2:03 PM 
To: BlueManDude  (7 of 14) 
 112593.7 in reply to 112593.6 

When the economy collapsed under Dubya, that was ignorance.  With Trump, it really looks deliberate.

 

 
From: BlueManDudeJul-6 2:06 PM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (8 of 14) 
 112593.8 in reply to 112593.7 

I'm thinking along similar lines.

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostJul-6 4:04 PM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (9 of 14) 
 112593.9 in reply to 112593.7 

Watching Ali Velshi on MSNBC. China will get their soybeans from Brazil. American farmers who lose out to competitors might not get those customers back.  Beef, pork, dairy, auto industry,  will be affected. For smaller industries like lobster farmers in Maine, one season will be devastating. The people  who cheer him on at the rallies and laugh when he bullies and makes fun of others are in for a shock when they realize this trade war affects them, too

 
Forum Host, Liberal Heaven
Assistant Moderator,YDD-Yellow Dog Democrats

 

 
 

 
From: ... Tom (BRIGGUMQ) DelphiPlus Member IconJul-7 8:50 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (10 of 14) 
 112593.10 in reply to 112593.9 

The trusty demand-supply curve applies, any time you make something more expensive you sell less of it.

Do Trump supporters understand this is a direct tax on consumers, that the increase in price will go straight to the US Treasury?

 

  • Edited July 7, 2018 8:51 am  by  ... Tom (BRIGGUMQ)
 

 
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