on aid payments to farmers reporting that $28 billion had been spent on farm rescues so far as a result of the U.S-China trade war.
In the exchange of tariff increases on select products, the U.S. agriculture sector has taken a hit as China has lifted import fees on American products such as beef and apples. MSNBC"Morning Joe" host Joe Scarborough speaks during an event in the McGowan Theater at the National Archives on July 12, 2017, in Washington, D.C.According to Bloomberg, the trade war has seen the value of U.S. agricultural exports to China drop from $19.5 billion in 2017 to $6.6 billion in July this year.
But the aid provided to farmers by President Trump to counteract tariff costs is not of unprecedented size in U.S. history. For instance,that between 2001 and 2006, the U.S. government paid more than $95 billion in agricultural subsidies, or roughly $19 billion a year.That figure is way in excess of the $28 billion in trade-war aid payments made by the Trump administration thus far.
But Scarborough was right to say that federal debt has reached a record high under President Trump, as it was revealed earlier this year that the size of America's national debtThe federal budget deficit also came close to breaching the $1 trillion mark in 2019, coming in at $984 billion for the fiscal year, according tohas contacted the White House for a response to Scarborough but did not receive a response by time of publication.
In that shot, he looks like Matthew Perry
At least you gave Donald trump hours of free advertising on your morning show worth millions when he was running for office.
Uh...he slept around oh his wife like a drunken sailor. With Mika.
I think you meant ”like a dictator”
He's taking our hard-earned money and forking it over to farmers he hurt with his senseless tariffs. Also, he's taking our money and using it to play golf then paying himself for putting his entourage in his overpriced hotels eating in his restaurants and drinking in his bars.
He’s right about that two faced liar of a president.
How about a drunken nazi or fascist.
Mika has Joe by the oysters.
Trump is physically Responsible for the debt, Not Fiscally...
Socialism for the 1% and bare naked capitalism for the rest.
Is Joe a subject matter expert in a single issue?
Democrats are in Spain for a climate change hoax summit that they have no power to agree to any treaty! The President sets foreign policy! Furthermore the Democrats wasted 42 million on the Russian hoax, and now the Coup D'etat masquerading as impeachment! Talk about wasteful!
Well if Joe Scarborough said it, then it is a completely non-partisan objective and thorough overview of the entire situation. It is certainly not a proactive Liberal TV host, throwing out aggressive rhetoric, knowing the most angry and accusatory get recognition from Newsweek.
I don't understand why this and the exploding deficit doesn't get blowback from Republicans unless they've lost all of their principles. Hmmm.
He should know.
Joe is scum
Truth
No need to add the word, drunken. Or he could have accused him of spending like a Democrat.
Spending like someone who inherited his wealth yet somehow banktrumped at least 6 companies losing money not IN but ON casinos.
What a stupid thing to say.
Sailor? A socialist would have invested in better healthcare and education for American families.
Joe is partly to blame.
Nancy Pelosi has that title. Look how much WE pay for her alcohol on flights.
See farmers.
Socialism? Yum.
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