Saturday, July 20, 2019

China is not loading up on U.S. farm products

Yeah, guess who got totally suckered again.
In a humiliating (July 11) statement, Trump was forced to admit that he was wrong when he promised farmers that China would soon buy large quantities of American agricultural products.
Trump was reduced to groveling, essentially begging China to start buying products from U.S. farmers.
"China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would," Trump wrote on Twitter. "Hopefully they will start soon!" - Shareblue
Though I don't often link to Politico, this one is important: "Trump's trade wars thrust farmers into desperation loans."
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1 comment:

  1. Minnesota CentralJuly 21, 2019 at 10:29 PM

    Remember when Trump said "Trade wars are easy to win" ... well, we can now announce the winners -- Vietnam, India, Tiawan, Malaysia ... well, actually probably everybody other than America.

    Last Monday's Wall Street Journal ran a story on how other countries have benefited from Trump's tariffs.
    The Institute for Supply Management's monthly manufacturing index fell in June to its LOWEST level since October 2016,
    U.S. manufacturing output has DECLINED 1.5% through May

    Here's a link to the story
    https://t.co/YtnW2qHOUe

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