Trump’s trade war with China means that soybean sales are down 94% and beans are piled in massive hills waiting to rot.

By | 2018-11-06T07:59:51+00:00 November 7th, 2018|Categories: News|Tags: , , , , , , |13 Comments

So much for the “Art of the Deal.”

Courtesy of NYT:

Farmers here in Cass County have prospered over the last two decades by growing more soybeans than any other county in the United States, and by shipping most of those beans across the Pacific Ocean to feed Chinese pigs and chickens.

But this year, the Chinese have all but stopped buying. The largest market for one of America’s largest exports has shut its doors. The Chinese government imposed a tariff on American soybeans in response to the Trump administration’s tariffs on Chinese goods. The latest federal data, through mid-October, shows American soybean sales to China have declined by 94 percent from last year’s harvest.

Mr. Karel, the general manager of the Arthur Companies, which operates six-grain elevators in eastern North Dakota, has started to pile one million bushels of soybeans on a clear patch of ground behind some of his grain silos. The big mound of yellowish-white beans, already one of the taller hills in this flat part of the world, will then be covered with tarps.

The hope is that prices will rise before the beans rot.

“We’re sitting on the edge of our seat,” Mr. Karel said.

President Trump sees tariffs as a tool to force changes in America’s economic relationships with China and other major trading partners. His tough approach, he says, will revive American industries like steel and auto manufacturing that have lost ground to foreign rivals. But that is coming at a steep cost for some industries, like farming, that have thrived in the era of globalization by exporting goods to foreign markets.

China and other trading partners hit with the tariffs, including the European Union, have sought to maximize the political impact of their reprisals. The European Union imposed tariffs on bourbon, produced in Kentucky, the home state of the Senate majority leader, Mitch McConnell, and on Harley-Davidson motorcycles, from Wisconsin, the home state of House Speaker Paul Ryan. China’s decision to impose tariffs on soybeans squeezes some of Mr. Trump’s staunchest supporters across the Midwestern farm belt.

Donald Trump does not understand the world economy because, despite being a “business tycoon,” he has never actually participated in the world economy honestly. 

Donald Trump is a fraud, who has lied, cheated, and bullied his way into and out of business deals his entire life. 

Trump approaches making a deal the same way that a mafiosos might negotiate the buying of a restaurant that he likes, he makes thinly veiled threats, and if that fails he burns the place down. 

Donald Trump would gladly burn down the world economy if it meant that he did not have to compromise, and he could care less who gets torched while he does it. 

Simply put he needs to be stopped. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

13 Comments

  1. Anonymous November 7, 2018 at 4:04 am - Reply

    Doesn’t matter, G. Trump got financial relief for the farmers to keep them happy. Soy bean hill photos will be used by Trump for political purposes.

  2. Anonymous November 7, 2018 at 4:39 am - Reply

    Trump heard mumbling to himself this morning… there goes my big beautiful wall…. like that wall is the least of his concern.

    • Bern November 7, 2018 at 7:03 am - Reply

      tinydjt tweet>”If the Democrats think they are going to waste Taxpayer Money investigating us at the House level, then we will likewise be forced to consider investigating them for all of the leaks of Classified Information, and much else, at the Senate level. Two can play that game!
      4:04 AM – Nov 7, 2018
      here is reason to think that many of these lines of investigation will yield damning information. Last month, a New York Times investigation into just a handful of Trump’s tax returns from the 90s revealed a complicated scheme of “outright fraud” to evade paying taxes on his father’s estate.

      The bottom line is that Trump is facing a new and formidable apparatus of accountability — and even he knows how badly this could end for him.

      https://www.rawstory.com/2018/11/trump-shows-just-scared-really-democrats-take-house/

      https://www.rawstory.com/2018/11/trump-endorsed-candidates-crashed-burned-tuesday/

  3. Anonymous November 7, 2018 at 5:21 am - Reply

    As long as McDonald’s stays in business, what does he care?

  4. Cfr November 7, 2018 at 5:28 am - Reply

    Meh,
    When they lose their farms to Cargill for pennies on the dollar they can always get one of those “picking jobs that have been stolen from them”

    • anon November 7, 2018 at 2:55 pm - Reply

      oh my thank you for that —- exactly.

  5. Anonymous November 7, 2018 at 6:14 am - Reply

    They are just about losing their farms but getting our tax money to bail them out, yet they still would vote for trump… so how stupid can you get. Those big corporations will move in and buy them out.

  6. Anonymous November 7, 2018 at 6:52 am - Reply

    in two years all trump supporters will be past the honeymoon phase with him and they realize hes not the man they married.

  7. 2019 November 7, 2018 at 7:24 am - Reply

    OT?
    https://www.rawstory.com/2018/11/ivanka-trump-hit-ethics-watchdog-china-trademarks/

    Ivanka Trump Marks LLC received preliminary approval for 16 new trademarks in October,
    according to Citizens for Responsibility and Ethics
    The trademarks cover such goods as handbags, umbrellas, shower caps and swimsuits
    Trump has imposed steep punitive tariffs on more than $250 billion in Chinese imports, and the rates are set to rise January 1.

  8. White Rabbit November 7, 2018 at 7:53 am - Reply

    MAGA.
    Yeah right.

  9. Anonymous in Chicago November 7, 2018 at 7:26 pm - Reply

    It’s obvious that Trump never took an Economics 101 class. Trump’s tariffs are screwing the soybean farmers. Once the soybean farmers lose their customer(s), it’s very difficult to get them back and the farmers are aware of it. Most of them don’t want this type of agricultural welfare but what are their choices – there is an idiot in the White House.

    Trump’s businesses were repeatedly bankrupt because he is a dolt. The Art of the Deal, my ass.

  10. Anonymous November 8, 2018 at 1:51 am - Reply

    And yet stupid US farmers voted for the very same people that did this to them.

  11. Anonymous November 10, 2018 at 7:30 pm - Reply

    And yet the farmers of Iowa still voted for that Nazi Steve King.

    You just can’t fix stupid.

    Although he only won by 3%. He usually wins by 20%. And while the Republicans out number the Democrats, seems quite a few Republicans crossed over and voted for King’s Democratic opponent.

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