Higher prices for consumer goods will harm the poorly educated people Trump pretends to love in ways that even they will be able to understand. Lots of those people voted for Trump because of social issues. If the Republican Supreme Court does not overturn Roe vs Wade, I suspect millions of them will wonder what they have gotten for supporting the Republican Party since 1980. Some will vote Democrat to protect middle class entitlements. A larger number will retreat from politics, and resume their passive wait for the Second Coming of Christ.

 

Trump Administration diverted $62 million from struggling US farmers to corrupt businessmen in Brazil: report

https://www.rawstory.com/2019/05/tr...mers-to-corrupt-businessmen-in-brazil-report/

 

Think Obama Administration Wasn't Corrupt? Think Again

Based on extensive research, says that Obama acted to regulate certain industries in such a way that the regulations lowered the value of some of the companies.

Over the next seven years, as both Joe Biden and John Kerry negotiated sensitive and high-stakes deals with foreign governments, Rosemont entities secured a series of exclusive deals with those same foreign governments.

In December of 2013, for instance, Biden traveled to China for talks. He brought Hunter Biden along. While there, the senior Biden soft-pedaled China's clear aggression, and played up the bilateral trade partnership. Ten days after the trip concluded, China's central bank, the Bank of China, set up a $1 billion investment joint venture called Bohai Harvest RST. For the record, the "RS" referred to Biden's son's firm, Rosemont Seneca.

But months later, in July 2014, Secretary of State John Kerry traveled to China, also for talks. Kerry talked little of China's clear aggression, but did conspicuously note that "China and the United States represent the greatest economic alliance trading partnership in the history of humankind."

We can only hope that as Biden or Kerry gears up for a challenge to Trump in the 2020 presidential contest, they will receive the same relentless scrutiny that a Republican with the same record of venality would get. But we won't hold our breath.

 

OBAMA TARIFF ACTIONS:

1. Obama put tariffs on solar panels.

2. Obama slapped tariffs on tires.

3. Obama put tariffs on imported steel.

President Obama stated on Jan. 24, 2012: “I will not stand by when our competitors don’t play by the rules. We’ve brought trade cases against China at nearly twice the rate as the last administration – and it’s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more. It’s not right when another country lets our movies, music, and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized.”

 

I will have to go back and look this up but I told you guys the first time Trump gave a speech to that Farm Bureau he really fucked up. Because he for sure and most of you don't have the first clue about farmers. They are by vast majority real, true, circumstantial conservatives, They don't talk the talk and walk the walk. They live the life as do ranchers. They are just incredibly professional and productive. That is how they can feed the world for the same prices for the past 50 years. But they invest it all on the profit every year and that can be all or nothing. Yes those people know how to conserve and they live it. And the worst thing in the world you can get caught at is bullshitting them. They gave enough to worry about with just the weather.

Farmer spokesperson levels Trump over his trade policies: This is ‘the last generation that’s going to be able to farm’

https://www.rawstory.com/2019/05/fa...ats-going-to-be-able-to-farm/?comments=disqus

 

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

The Great Recession officially ended in June 2009, six months into former President Obama’s first term. The economy continued to shed jobs until the following March. Manufacturing was particularly hard hit, with almost 2.3 million manufacturing jobs—some 1 in 6—lost between January 2008 and March 2010.


As is the case during recoveries, jobs bounced back, with seasonally adjusted nonfarm employment expanding almost 12% from March 2010 until January 2017, when President Obama handed over the presidency to Donald Trump.

But during the same period, manufacturing employment grew only 7.7% with manufacturing payrolls virtually flat in the last 21 months of the Obama administration.

We were told it was the new normal.

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

Well, a funny thing happened—Trump’s policies, and just as importantly, the expectation of Trump’s policies, ignited a manufacturing resurgence.


In the first 21 months of the Trump presidency, nonfarm employment grew by a seasonally adjusted 2.6%. In the same period, manufacturing employment grew by 3.1%, reversing the trend under Obama when overall employment grew faster than employment in the manufacturing sector.


Comparing the last 21 months of the Obama administration with the first 21 months of Trump’s, shows that under Trump’s watch, more than 10 times the number of manufacturing jobs were added.

 

Exports from the US rose USD 2.1 billion from the previous month to USD 212.0 billion in March.

The politically sensitive goods trade deficit with China decreased to a five-year low of USD 20.7 billion in March from USD 24.8 billion in February.

US trade deficit narrowed to USD 49.4 billion in February 2019, the smallest since June 2018, from USD 51.1 billion in the previous month and compared to market expectations of USD 53.5 billion. Exports surged 1.1 percent while imports rose at a softer 0.2 percent amid ongoing trade negotiations with China.

The trade deficit in the United States narrowed to USD 51.1 billion in January of 2019 from an upwardly revised USD 59.9 billion in the previous month, which was the largest since October 2008. It compares with market expectations of a USD 57 billion shortfall. Exports rebounded, mainly due to soybeans and motor vehicles and parts and imports were the lowest since June 2018.

The 15 non-manufacturing industries reporting growth in April — listed in order — are: Transportation & Warehousing; Professional, Scientific & Technical Services; Construction; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Public Administration; Health Care & Social Assistance; Utilities; Other Services; Wholesale Trade; Management of Companies & Support Services; Mining; Educational Services; Finance & Insurance; and Information

 

A rising tide lifts all boats.

Unemployment has never been this low, especially for minority labor and women.

Hate Trump if it makes you feel better, but don't spend all your newly acquired wealth.

The despicables want to take it away from you.

Just as soon as they impeach and/or jail the man who made it possible for you to earn your new found wealth

 

Then comes along this Biden fellow, with a very questionable past, from a very questionable previous Administration.

 

Tennessee whiskey exports slump amid Trump tariff turmoil, report says
Jamie McGee 16 hours ago

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Tennessee whiskey exports fell more than 30% in the fourth quarter as the sector faces headwinds from tariffs.

Tennessee exports dropped overall by 5% in the last three months of 2018 as automotive sales slowed and companies faced retaliatory tariffs from China and the European Union, according to Middle Tennessee State University's Tennessee Trade Report 4th Quarter 2018.

Whiskey exports, which have climbed steadily in past years, dropped to $135 million from $197 million, according to the report.

"The issue is how long we can expect the state’s sluggish performance to continue," the report said. "A real wild card in the deck, is the future of retaliatory tariffs and whether they expand. The bottom line is that 2019 appears ready to provide plenty of obstacles for Tennessee’s exporters."

Trump's trade war with China continues
The drop in state exports comes as U.S. negotiations over tariffs with China have stalled. President Donald Trump announced earlier this month the U.S. would raise tariffs on $200 billion worth of Chinese products and China since announced it would retaliate with increased tariffs on nearly $60 billion worth of American products.

More: Walmart: Tariffs will increase prices for shoppers

More: Tariffs from US-China trade war force small businesses to strategize to preserve profits

Brown-Forman Corp., owner of the Jack Daniel's brand, reported a 3% sales gain in the most recent quarter but said the growth was negatively affected by lower prices in some markets meant to offset new tariffs. The impact was mostly felt in Europe, according to the company's report.



"We remain on track to deliver another strong year of results as cost discipline helped offset some of the large burden we are absorbing due to the retaliatory tariffs on American whiskey,” Brown-Forman CEO Lawson Whiting said in the company's most recent report.

More: Who gets hurt by China's new tariffs on American goods? Farmers and chemical makers

Where Tennessee ranks for exports
The state's decline came as U.S. exports climbed by 3.4 percent in the same time period, the MTSU report said.

Foreign shipments dropped by nearly $500 million, and exports fell below $8 billion. The state ranked 38th among U.S. states for export performance. Auto shipments fell by more than $100 million, and global sales are expected to struggle next year, the report said.

Aluminum exports increased significantly, and waste and scrap exports with previous metals nearly doubled to $117 million.

Tennessee saw the greatest impact from trade losses in Canada and Latin America, with exports to Canada dropping by $230 million to $1.97 billion.

Exports were up in January compared to the previous year.

 

Kansas GOP senator writes desperate letter to end Trump’s trade war: Farmers ‘on the verge of financial collapse’

https://www.rawstory.com/2019/05/ka...r-farmers-on-the-verge-of-financial-collapse/

 

Trump’s entire trade speech destroyed on CNN by WaPo columnist with one brutal observation

https://www.rawstory.com/2019/05/tr...y-wapo-columnist-with-one-brutal-observation/

 

'Is this sustainable?’: Farmers say bailouts aren’t enough in Trump’s trade war
Trump Administration rolls out $16 Billion in farm aid

The U.S. Department of Agriculture (USDA) announced on Thursday that it would provide an additional $16 billion to help farmers as the trade war between the U.S. and China carries on and tariffs stay in place.

Tyler Stafslien, a North-Dakota based farmer, described the impending aid package as “certainly needed,” but questioned how long this could go on.

“I would prefer we had the trade we used to have with China,” he told Yahoo Finance. “I don’t want to have to rely on the federal government to be able to survive out here as a farmer. My fear is there will be another payment here, but is this sustainable? At what point will the federal government stop paying farmers? Will we have the trade deal in place at that point to pick up where the federal government leaves off? I don’t know.”


Iowa Soybean Association President Lindsay Greiner, a soybean farmer, released a statement on behalf of his organization, expressing similar concerns.

“Short-term, stair-stepped subsidies are a poor remedy for trade,” he said. “They stimulate production but not sales and therefore do little to undo the long-term log jam caused by not selling soybeans to destinations like China, the world’s no. 1 customer.”

“Farmers have been reassured time and time again over the past year that results will be achieved, and agreements made with key trading partners. Yet it’s been all talk, and no action. It’s well past time for Congress and the Administration to put aside partisan differences, break the policy gridlock and get to work on issues that truly matter for the American people.”

This isn’t the first time that the government has stepped in to help farmers while the country engages in a trade war with China. In 2018, the Trump administration authorized a bailout program, which entailed two rounds of payments doled out to farmers to offset the effects of tariffs. By February 2019, it had reached $7.7 billion in aid.

After the most recent announcement, Missouri Farm Bureau President Blake Hurst said in a statement: “The program, following a spring of historic flooding, delayed planting and depressed prices, will give many farmers the opportunity to farm another year. Although every farmer would rather receive income through a well-functioning market than through government subsidies, the payment will make a positive difference for Missouri agriculture.”

During the previous round of payments, Hurst told Yahoo Finance that while the aid was appreciated, “it’s not enough in the sense that it no way makes us whole for what we suffered from these trade disputes.”

The lost business with China has had a major impact on U.S. agriculture. As a result of reduced exports to China in 2018, the U.S. saw the smallest agricultural trade surplus ($10.9 billion) since 2006. According to the USDA, exports were valued at $140 billion, only a 1% increase from 2017.


“There’s a lot of pain in farm country right now that’s directly related to the trade we’ve lost,” Stafslien said. “Farmers are barely getting by.”

He noted the fact that on top of retaliatory tariffs from the Chinese, weather also hasn’t been welcome to the plight of farmers in the Midwest. Flooding has hit the region relatively hard in the last few months, particularly in March 2019. Kelly Brunkhorst of the Nebraska Corn Board told NPR that she was estimating about $440 million in crop damages from the rain due to “unplanted crops, late planting,” and other effects.

“There isn’t a farmer I know that isn’t nervous, wondering if they’re going to survive this year,” Stafslien said. “The amount of capital we have to put into the ground every year, hoping to get a turn, is unsustainable with the prices that we currently have. They’re obviously directly affected by these tariffs and then you add a natural disaster on top of it, and I don’t know what rural America will look like in the end if this keeps up.”

Stafslien grows a number of crops, including spring wheat, soybeans, and lentils. Soybeans particularly have been affected by the trade war, as the Chinese have been the biggest customers of U.S. soybeans in the past.

But, in December 2018, the U.S. soybean inventory was projected to reach an estimated 955 million bushels in 2019, nearly doubling the 2018 stockpile. That projected number decreased to 910 million bushels in February 2019.

‘They’re providing lip service’
“President Trump has great affection for America’s farmers and ranchers, and he knows they are bearing the brunt of these trade disputes,” USDA Secretary Sonny Perdue said in a statement. “In fact, I’ve never known of a president that has been more concerned or interested in farmer wellbeing and long-term profitability than President Trump.”

However, Stafslien voiced his skepticism.

“The Trump administration realizes that it was the middle of America that elected them, and I think they’re providing lip service so that people don’t become politically unrestful out here,” he said. “I think it’s a way to appease the center of the country for a while so that there aren’t political ramifications.”


Corn grows in front of a barn carrying a large Trump sign in rural Ashland, Neb., Tuesday, July 24, 2018. (Photo: AP Photo/Nati Harnik)
Trump has claimed that the Chinese are paying tariffs that are going directly to the Treasury, and in turn, helping farmers. That is inaccurate, though, as these tariffs are actually being paid by American businesses and passed on to consumers.

And, Stafslien added, the tariffs have affected “all of our crops.” Although he grows soybeans, the crop that has been hit the hardest, he has seen an impact all over.

“It’s not like you take one commodity and hurt it with tariffs and it doesn’t affect the other,” he said. “It’s a cascading, tidal wave effect with everything.”

 

Hey check it out. Trump's trade war has massively helped the economy..... of Mexico. While hurting the US.