WASHINGTON/CHICAGO - The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies.
China bought some 60% of U.S. soy exports in 2017 but curbed purchases last year when U.S. President Donald Trump imposed tariffs on Chinese goods, prompting China to retaliate with tariffs on U.S. soy, pork, corn and other products. Farmers across the central United States are in the midst of planting corn and soybeans and fighting against rains that are delaying their progress. Growers who have not yet planted corn could switch acres to soybeans to cash in on the U.S. aid payments, if the program is based on 2019 acreage.
Agriculture Secretary Sonny Perdue last week said the new aid package was likely to be $15 billion to $20 billion, exceeding the up to $12 billion in aid rolled out last year to farmers. Most of it was likely to be direct payments, sources told Reuters. "The reason beans went south is, they saw that $2 a bushel, and that will entice them to plant beans until the July 4th weekend."
What is a bushel?
Ok! BFD...Federal Government has paid Farmer before! For NOT planting crops, for changing their crops, for added cost of a bad market, for disasters! You ever see bulk food at food give a ways! That Government bought farm products. IT HAPPENS ALL THE TIME!
But socialism is awful
Socialism
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As Trump escalates China trade dispute, economic ties lose stabilizing force in matters of national securityTensions could extend beyond the trade sphere and impact other areas of contention between Washington and Beijing. Very true. It is not about no tariffs but to be strategic and timely. Trump is off these two principles by miles. Good faith was given to China reform and the hope is fading. Appearances point to continued escalation. We may in fact see a currency manipulator designation by USTreasury as soon as China's eventually counter-acts with currency policy. ooo.. itu tho akibatnya
Source: washingtonpost - 🏆 95. / 72 Read more »
Trump and 2020 Democrats Stake Out Dueling Views on China TradePresident Trump has worked to sell voters on the idea that he can negotiate better trade pacts, and that only he is tough enough to walk away from a bad deal. As talks with China hit an impasse, Democrats say the administration’s performance shows he is the wrong person for the job. ⚠️ So Chinese could boot Apple out of China in retaliation for Huawei & Trump's ridiculous tariffs. This would crush the US StockMarket. Plunging the Trump Administration into mass chaos. Then, the Chinese could stop buying US debt for a few months. No MAGA after that.. 😎 He's a Republican & Fighting Socialism! He's Perfect! Unfortunately he is the wrong person for president
Source: WSJ - 🏆 98. / 63 Read more »
Analysis | The Finance 202: Trump dashes hopes of trade peace with China, Europe and JapanAnalysis: Trump dashes hopes of trade peace with China, Europe and Japan Idiot How come no “journalism” into who was involved in the FISA wiretaps of the Trumps? Curious. Bias Where is our Congress?
Source: washingtonpost - 🏆 95. / 72 Read more »
Amid China trade tangle, Trump may delay auto tariffs for E.U.President Trump could delay auto tariffs on cars and car parts from the EU, sources said Wednesday, just three days before a deadline on that deal. Will Trump surrender in the trade war? I'd gladly pay for a tariff rather than buy an american POS car. FixOrRepairDaily My friends and family still need to buy BMWs and Benzes before I tariff the E.U. Come follow me and I will MAGA John 8:44
Source: NBCNews - 🏆 10. / 86 Read more »
As the China trade dispute drags on, Trump is still 'playing with the bank's money'The president's gambit is backed up by a solid stock market and an economy that gives him the leeway to keep pressing his case. By definition, it's not the banks money. The US tax payers bailed out the banks. Why are we paying the banks back for money we loaned them. That's bassakwards. The banks should be reducing our debt bc of that bailout but instead they demand we give them more money? King Cheeto is playing with FIRE Trump's trying to stop raising of China however, even if not only Trump but also Franklin and Jefferson try to stop China it doesn't happen. Never ever it will happen. USA must sign a good deal with China If it wanna keep stay strong in the long term. TradeWar
Source: CNBC - 🏆 12. / 72 Read more »
Trump launches second attack on China in trade war battleThe president’s trade battle with China is intensifying as he launches a second attack – this time on China’s biggest telecom company. Politico’s Chief Economic Correspondent Ben White joins Stephanie Ruhle to explain why it matters. So....are you having tRump-remorse yet? It's looks to me like the swamp has been drained right into a cesspool. 🤢🤮🤢 Nice bounce back by the markets today makes everyone happy... 😂🤣 How do you let someone who has gone bankrupt so many times even make financial decisions 🤐
Source: MSNBC - 🏆 469. / 51 Read more »
Nike, other U.S. footwear makers plead with Trump to drop China tariffNearly 200 American footwear companies are pleading with President Donald Trump to call off potential 25% tariffs on footwear. Why can't Nike produce a sneaker in the US ? Modern manufacturing techniques surely would secure good profit margins and produce a quality product at an even more competitive price.
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump’s new chokehold on Huawei threatens the telecom firm and U.S.-China trade talksThe Trump administration's moves against foreign technology firms could endanger the survival of Huawei and put U.S.-China trade talks at risk.
Source: latimes - 🏆 11. / 82 Read more »
On China, Trump Leads a Coalition of the UnwillingFar from leading a coalition of the willing to change China, Trump is leading a coalition of the ambivalent, sullen and resentful. That is a fragile foundation for global economic cooperation, writes Greg_Ip greg_ip Sounds like the writer got paid from Chinese communist leaders! greg_ip 😨 greg_ip hey, you worked to elect this boob elections have consequences, WSJ......and he's gonna take us down, HARD.....glad you finally realize what a catastrophic mistake you've made supporting him and this lunacy
Source: WSJ - 🏆 98. / 63 Read more »
Trump Telecom Ban Takes Aim at China, HuaweiPresident Trump signed an executive order that allows the U.S. to ban telecommunications network gear and services from foreign adversaries, in a measure widely believed to be aimed at China and telecom companies including Huawei Technologies and ZTE. About time! Phil_Mattingly Didn't donnie give ZTE a pass earlier? Phil_Mattingly Must have told him he was ordering some Adderall.
Source: WSJ - 🏆 98. / 63 Read more »
El-Erian: Don't underestimate the possibility of a 'Reagan moment' for Trump on ChinaPresident Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz. Assuming there’s no possibility is only underestimating Trumps ability to make things worse. If he paid attention to even a few people with true expertise we could hope for ANY lucid, substantial moment. This go by gut stuff HAS to stop. robertAbooey
Source: CNBC - 🏆 12. / 72 Read more »