China halts purchases of US agricultural products

This is going to have a devastating impact on US farmers. The immediate impact is a reduction of the just under $20 billion in agricultural products that go to China every year. The long term impact is loss of market. China can buy agricultural products elsewhere with ease and the US loss of the market will permanently hobble the farm industry in the US.

Link

 

Our farmers were hard-hit just with the tariffs. This is going to be absolutely brutal. Will Trump cover this added hardship on the taxpayer's dime also? I don't imagine he will declare a fake emergency to procure the funds for it.

 

Exports to China are about 14% of total US agricultural exports. Hard to make up if they're lost and I don't think that US taxpayers want to be on the hook long term (or even short term) for the loss farmers are facing.

The irony is that the US has an agricultural trade surplus and this will obviously change that although it's hard to say if it will result in a deficit.

The loss is a boom to other country's exports to China. France and South American countries will gladly take up the slack.

 

That deserves a highlight, and maybe a moment of silence. China will not go hungry, but our farmers sure will. Trump and his magic wand won't be able to do anything about this, and it seems to me it's coming at a pretty critical time since harvest season is just getting started.

Trump's tough-guy & world's-greatest-negotiator act is going to cost a lot of people dearly.

 

Just looked it up on the USDA website and the 2018 US agricultural trade surplus was 10.9 billion. That means this will likely cause a trade surplus to become a trade deficit, to the detriment of the US agricultural industry. Great negotiating dumb-ass.

 

We have already seen $28 Billion allocated by Dirty Donald to supplement farm income for the harm he did them with the soy bean market.Now we will probably see the farm socialism expanded.

 

Ouch!
Not much about this on the news. I wonder why?
Where is @557? He's a farmer, I think.

 

Hold on and things will change. Don't listen to the chicken littles.

 

The global agricultural market is just that, a market. If China can find other sources for food products, the US can find other customers.

 

upcoming another trump aid of $20B taxpayer $$$ to farmer. same aid next year.

 

like where lol. you forgot its base on demand and supply, we have the supply china is the only one has the demand. no other country has demands like china.

 

Yup, and if China buys from elsewhere, where do you think elsewhere's other customers will go?

 

Evidence doesn't support your statement. US Farmers are taking a hit and the taxpayer is having to support them to the tune of billions.

 

Problem is that those other countries had to bid against China for our agricultural goods - now, that large player has been taken out of the process, so other countries will be able to bid less. Less profit for American farmers. There is a reason so many conservatives were against starting trade wars. Now Trump has backed himself into a corner. He can't end the trade war, or it will appear he was weak or incorrect in starting it in the first place. China has never cared if their people starve or not, so they can wait him out.

 

Trump didn't start the trade war. He's just the first American President who has had the balls to deal with the Chinese government's ridiculous policies.

 

The introduction of tariffs was the start of the trade war. Trump did that.

 

China has an advantage in that their media completely supports the Chinese government.

The USA has a disadvantage in that the MSM is working against the US government just in a effort to cause Trump to lose.

 

what customer? lol china is only one big enough to buy. you think mexico gonna take place of china. name country that substitute china as main US farm importer, and you link

 

So what do you call the Chinese government's total lack of respect for intellectual property, intentional currency devaluation, and tariffs that predate any of Trump's?

Should we just give them unrestricted access to the US market and continue to play on an uneven field?

 

What currency devaluation? Even Trump's administration never said they were engaged in currency devaluation. And what tariffs that predated Trump's?

As for lack of respect for intellectual property all countries play that game. Just ask Apple and Samsung, both of whom will be in court forever for stealing each other's patents. There are legal avenues to deal with it.

 

True, but US food consumers are enjoying lower food prices and China's food consumers are experiencing the pain of higher food prices.

All in all, this is what many progressives have been supporting for decades. They have been very critical of US agriculture dumping cheap ag products in other countries.

 

US food prices are up and projected to continue to increase.

Got a source for this claim?

 

Way easier said than done - which is why the prices of products like soy have been hit.

 

Just to add to the post above - Trump going around using a cudgel to bash other nations into submission/compliance with his sanctions - is not helping our companies. It used to be we had VIP status and/or were at the front of the line. Now we are in the far back of the line - with many - while not openly - trying to avoid dealing with the US.

 

Not being able to stick to a deal won't help the US either. Why would any country negotiate with the US if the next President (or this one) will just renege?