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Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked

 
Anonymous Coward
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05/13/2019 06:05 PM
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Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.

That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.

Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal.

The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.

In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlowadmitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.


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Anonymous Coward (OP)
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05/13/2019 06:12 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
This from 5 May, before the latest tariff announcement of retaliatory tariffs from China.



Thread: BAD NEWS FOR FARMERS: Soybeans, corn and wheat hit seven-month low after Trump tweets tariff threat against China
R&y

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05/13/2019 06:15 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Only for family farms not for corporate welfare.
Anonymous Coward
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05/13/2019 06:21 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Only for family farms not for corporate welfare.
 Quoting: R&y


That's not how Trump's soybean bailout works. USA makes a direct payment all soybean growers of $1.65 per bushel, big corporate farms included.
Anonymous Coward
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05/13/2019 06:41 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
So much winning.
Anonymous Coward
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05/13/2019 06:44 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
That's complete BS. He creates this disaster and now he wants to bail 'some' American's out but not everyone. These farmers own vast amounts of land and resources. They're not hurting but like to whine, FACT.
Anonymous Coward
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05/13/2019 06:46 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
We're already up to $27 billion in bailouts for this.

This can't go on forever.
Anonymous Coward
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05/13/2019 06:49 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
These trade deficits took decades of piss poor, weak policies that Trump is boldly tackling (because he knows we were headed for economic collapse otherwise).

Bold ingenious gambles, no other "leader" would have had the guts.
SilverCyprus

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05/13/2019 06:50 PM

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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
easy. just use tariff money to pay for it. USA WIN
Anonymous Coward
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05/13/2019 06:52 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
These trade deficits took decades of piss poor, weak policies that Trump is boldly tackling (because he knows we were headed for economic collapse otherwise).

Bold ingenious gambles, no other "leader" would have had the guts.
 Quoting: Anonymous Coward 77192746


popcornpoop
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05/13/2019 06:55 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.

That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.

Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal.

The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.

In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlowadmitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.


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 Quoting: Anonymous Coward 72310812


And what about the floods? Guess that had no impact right?
" Sonny Liston is nothing. The man can't talk. The man can't fight. The man needs to take talking lessons. The man needs to take fighting lessons. And since he's fighting me, he needs falling lessons."

Muhammad Ali...
Anonymous Coward
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05/13/2019 06:57 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Trump is calling for the U.S. government to purchase billions of dollars' worth of products produced by American farmer. This is centralized State planning, aka socialism.
Anonymous Coward
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05/13/2019 06:58 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
so what?

the amount of money the tariffs inject into the economy makes 30 billion chump change.
Anonymous Coward
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05/13/2019 06:59 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
easy. just use tariff money to pay for it. USA WIN
 Quoting: SilverCyprus


And who is paying those import tariffs?

You and I are, that's who.
Anonymous Coward
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05/13/2019 07:02 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Thread: The world wants to sell to the US but doesnt want to buy from the US.
Anonymous Coward
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05/13/2019 07:03 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
so what?

the amount of money the tariffs inject into the economy makes 30 billion chump change.
 Quoting: Anonymous Coward 77640431


Federal revenue from custom duties ran at a $75 billion annual pace in the first quarter of 2019, according to the US Bureau of Economic Analysis. That's lpabout 3% of total Federal government revenue.

And we are paying those import tariffs, just like a new tax.
Anonymous Coward
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05/13/2019 07:04 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
easy. just use tariff money to pay for it. USA WIN
 Quoting: SilverCyprus


And who is paying those import tariffs?

You and I are, that's who.
 Quoting: Anonymous Coward 69651378


it's about having real manufacturing jobs

us mills are at 80% capacity and climbing with that...that includes manufacturers being very busy who supply them

many are bringing new plants and capacity online soon

it's a national defense issue as well
Anonymous Coward
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05/13/2019 07:07 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
so what?

the amount of money the tariffs inject into the economy makes 30 billion chump change.
 Quoting: Anonymous Coward 77640431


Federal revenue from custom duties ran at a $75 billion annual pace in the first quarter of 2019, according to the US Bureau of Economic Analysis. That's lpabout 3% of total Federal government revenue.

And we are paying those import tariffs, just like a new tax.
 Quoting: Anonymous Coward 69651378


no, we haven't in steel

the price of steel remains largely unchanged

it just prevented chinese subsidized dumping into our market

the state subsidizes steel in china. they produce with no regard to supply and demand. when they overproduce they dump at unreasonably low prices. they literally want to cripple our manufacturing base. it's an economic war.
Sungaze_At_Dawn

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05/13/2019 07:08 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
He should and they're billions from the tarrifs. He explained that with the billions made from the tarrifs, you put some of that money back into the industries they hurt.

Common sense and obvious.
Anonymous Coward
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05/13/2019 07:18 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Thread: Michigan farmers blast Trump trade policies amid new Chinese tariffs
Anonymous Coward
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05/13/2019 07:18 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
someone needs to do it. if those who predated him hadn't sold out our country, then this trade war wouldn't be necessary.
Anonymous Coward
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05/13/2019 07:28 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Only 1% of farmland is Organic

So it is a payoff to keep GMO, Glyphosate herbicide, pesticides, and synthetic fertilizer industries going.

99% of Farmland grows franken foods covered in poison

1 in 3 Americans are getting cancer sometime in their life..

Everything is poison!

Thanks government
Anonymous Coward
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05/13/2019 07:39 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
someone needs to do it. if those who predated him hadn't sold out our country, then this trade war wouldn't be necessary.
 Quoting: Anonymous Coward 77448672


So how's this socialism working out for ya?
Vicious Deplorable dollop
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05/13/2019 07:53 PM

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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Good. Obama did everything he could to destroy American farms.
Oh' What the Hell, do I look like I want to die in some nursing home one day...
Electing President Donald J. Trump Is The Revolution!!! Hell Yeah!!!
America must have 3 new Constitutional Amendments...
1. Drug Tests and Mental Evaluations on all politicians and judges randomly five times per year.
2. Term Limits for Federal politicians and judges.
3. Mental and health standards for Supreme Court Justices and retirement age set.
Crooked Hillary - Lock Her Up... Lock Her Up !!!
Obama- A Lawless marxist-islamic.
Democrats are a loose knit group of ideologues who only share the common goal of destroying our Constitutional Republic. They should be agitated against each other until they splinter and eat each other.
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05/13/2019 07:58 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
someone needs to do it. if those who predated him hadn't sold out our country, then this trade war wouldn't be necessary.
 Quoting: Anonymous Coward 77448672


So how's this socialism working out for ya?
 Quoting: Anonymous Coward 71907444


it's not, it was socialism the wealth was taken from poor, middle and upper class Americans and given to 3rd world china and others.

This "trade war" is merely ending that bullshit. But in order to help during the "war" the farmers should get help, once it's over they won't need the help.

Besides we've already seen that China can't meet their food budget without US farmers.
Anonymous Coward
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05/13/2019 08:03 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
just eat more gmo soy and bent corn ffs!

easy!

where's your patriotism?,
Anonymous Coward
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05/13/2019 08:06 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Good. Obama did everything he could to destroy American farms.
 Quoting: Vicious Deplorable dollop


What did Obama do that caused greater losses to farmers than this?
Anonymous Coward
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05/13/2019 08:11 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
someone needs to do it. if those who predated him hadn't sold out our country, then this trade war wouldn't be necessary.
 Quoting: Anonymous Coward 77448672


So how's this socialism working out for ya?
 Quoting: Anonymous Coward 71907444


it's not, it was socialism the wealth was taken from poor, middle and upper class Americans and given to 3rd world china and others.

This "trade war" is merely ending that bullshit. But in order to help during the "war" the farmers should get help, once it's over they won't need the help.

Besides we've already seen that China can't meet their food budget without US farmers.
 Quoting: Anonymous Coward 77448672


You do realize that there are other countries in the world whose agricultural products are becoming cheaper than the US, right? That's who China is placing orders with now.

Those countries' farmers gain.

American farmers' loss.
Vicious Deplorable dollop
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05/13/2019 08:13 PM

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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Good. Obama did everything he could to destroy American farms.
 Quoting: Vicious Deplorable dollop


What did Obama do that caused greater losses to farmers than this?
 Quoting: Anonymous Coward 56791485


If you don't know that Obama treated farmers about like he did the coal industry, you need to educate yourself.

Last Edited by Vicious Deplorable dollop on 05/13/2019 08:14 PM
Oh' What the Hell, do I look like I want to die in some nursing home one day...
Electing President Donald J. Trump Is The Revolution!!! Hell Yeah!!!
America must have 3 new Constitutional Amendments...
1. Drug Tests and Mental Evaluations on all politicians and judges randomly five times per year.
2. Term Limits for Federal politicians and judges.
3. Mental and health standards for Supreme Court Justices and retirement age set.
Crooked Hillary - Lock Her Up... Lock Her Up !!!
Obama- A Lawless marxist-islamic.
Democrats are a loose knit group of ideologues who only share the common goal of destroying our Constitutional Republic. They should be agitated against each other until they splinter and eat each other.
All the marxists-islamics, Drug Addicts, Pedos, and Homos love Hillary and hate President Trump.
All Pedos And Their Supporters Must Face Justice And Be Publicly Hanged.
Let Justice Be Done Though The Heavens Fall.
Anonymous Coward
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05/13/2019 08:19 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
Really what the fuck does the national debt matter anyway . Who gives a shit anymore its not like were ever gonna pay it back . Go ahead and help out the farmers they need it . As long as were the worlds reserve currency it doesn’t matter
Anonymous Coward
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05/13/2019 08:21 PM
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Re: Trump seeks new $15 billion in bailouts to protect farmers from his own trade war in addition to $12 billion already esrmarked
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.

That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.

Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal.

The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.

In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlowadmitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.


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 Quoting: Anonymous Coward 72310812


And what about the floods? Guess that had no impact right?
 Quoting: Deplorable Pussy Grabber


clappa