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Mon Aug 12, 2019, 01:31 PM

Trump Is Ruining Our Markets: Struggling Farmers Are Losing a Huge Customer to The Trade War-China

KEY POINTS

•U.S. farmers lost their fourth largest export market this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.
•China’s exit piles on to a devastating year for farmers, who’ve struggled through record flooding and droughts that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.
•“It’s really, really getting bad out here,” Bob Kuylen, a farmer of 35 years in North Dakota, told CNBC. “There’s no incentive to keep farming, except that I’ve invested everything I have in farming, and it’s hard to walk away.”

PUBLISHED SAT, AUG 10 2019 9:15 AM EDTUPDATED 6 HOURS AGO
Emma Newburger
@EMMA_NEWBURGER

U.S. farmers lost one of their biggest customers this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.

China’s exit piles on to a devastating year for farmers, who have struggled through record flooding and an extreme heat wave that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.

“It’s really, really getting bad out here,” said Bob Kuylen, who’s farmed for 35 years in North Dakota.

“Trump is ruining our markets. No one is buying our product no more, and we have no markets no more.”

Agriculture exports to China dropped by more than half last year. In 2017, China imported $19.5 billion in agricultural goods, making it the second-largest buyer overall for American farmers. In 2018, that dropped to $9.2 billion as the trade war escalated, according to the United States Department of Agriculture.

more...

https://www.cnbc.com/2019/08/10/trump-is-ruining-our-markets-farmers-lose-a-huge-customer-to-trade-war----china.html

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Reply Trump Is Ruining Our Markets: Struggling Farmers Are Losing a Huge Customer to The Trade War-China (Original post)
RCW2014 Aug 2019 OP
Gunslinger201 Aug 2019 #1
Valishin Aug 2019 #2
KittyCatIdiots Aug 2019 #3

Response to RCW2014 (Original post)

Mon Aug 12, 2019, 02:11 PM

1. Oh Noes

Trump is about to Topple China, they are way worse off than we are

The Doomsayers don’t want Trump to keep winning

Just keep yelling Racist and pretend he doesn’t understand Economics

He has a way better grasp than AOC

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Response to RCW2014 (Original post)

Mon Aug 12, 2019, 02:40 PM

2. Come talk to us

the moment US restrictions are even in the same ball park as the restrictions China has in place for imports

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Response to RCW2014 (Original post)

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