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Mon May 13, 2019, 03:09 PM

Trump Seeks New $15 Billion Subsidy To Protect Farmers From →His Own Trade War←

The president falsely claims that tariffs are paid “directly” to the U.S. Treasury by China and indicates these nonexistent Chinese funds will cover the subsidy cost.

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, Trump proposed eliminating three food aid programs, Politico noted.

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.


https://www.huffpost.com/entry/trump-trade-war-15-billion-farm-subsidy_n_5cd89043e4b054da4e8b5593


EDITED TO ADD THIS STORY JUST SEEN ON CNN

FARMERS TURN AGAINST TRUMP'S TRADE WAR:

Washington (CNN)American farmers are running out of patience with President Donald Trump's trade war with China.

Farmers have long stood behind Trump's mission to get a better trade deal with Beijing that addresses long-standing issues with what they say are unfair trading practices.

But after weeks of optimistic statements by Trump and members of his administration about how trade talks were progressing, Trump abruptly escalated tariffs on $200 billion of Chinese goods last week and opened the door to even more -- prompting Beijing to hit back Monday by raising the tariff rate on $60 billion of US items.

The escalated tariffs don't hit agricultural products directly, since most were already facing a 25% tariff imposed by China last year. But the news still sent commodity prices plummeting.


https://www.cnn.com/2019/05/13/politics/farmers-china-tariffs-trump/index.html


21 replies, 578 views

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Arrow 21 replies Author Time Post
Reply Trump Seeks New $15 Billion Subsidy To Protect Farmers From →His Own Trade War← (Original post)
spanone May 13 OP
Shell_Seas May 13 #1
spanone May 13 #2
Bengus81 May 13 #17
Vinca May 13 #3
NewJeffCT May 13 #7
Blue_true May 13 #14
Wellstone ruled May 13 #4
Takket May 13 #5
spanone May 13 #19
GoCubsGo May 13 #6
sinkingfeeling May 13 #8
Blue_true May 13 #15
LastDemocratInSC May 13 #9
Voltaire2 May 13 #10
Blue_true May 13 #16
Bengus81 May 13 #11
gratuitous May 13 #12
Blue_true May 13 #13
Trenzalore May 13 #18
jmowreader May 13 #20
gulliver May 13 #21

Response to spanone (Original post)

Mon May 13, 2019, 03:16 PM

1. But, how will we pay for it?

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Response to Shell_Seas (Reply #1)

Mon May 13, 2019, 03:18 PM

2. He is buying their silence. Haven't heard one farmer blame trump.

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Response to spanone (Reply #2)

Mon May 13, 2019, 06:14 PM

17. Nope and I live in Kansas........

They talk about tough times and how many farms could truly go BK but NEVER is the Trump name mentioned as the cause. If Obama had pulled this stunt there would be a blockade of DC by tractors and demanding Obama's head on a platter.

FUCKING HYPOCRITES!!

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Response to Shell_Seas (Reply #1)

Mon May 13, 2019, 03:19 PM

3. He'll probably tap Grandma's Social Security. That's what they usually try to do.

And forget those crumbling roads and bridges all across the country. Trump voters need their government money!

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Response to Shell_Seas (Reply #1)

Mon May 13, 2019, 03:27 PM

7. They're going to borrow it from China

of course

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Response to NewJeffCT (Reply #7)

Mon May 13, 2019, 06:08 PM

14. ...

but it is still so sad. That idiot is even more clueless than W.

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Response to spanone (Original post)

Mon May 13, 2019, 03:20 PM

4. Let's get real.

Poniz Don's supporters do not have a clue as well as others,how Tarrif's work. Yes,we will have to put together a Farm Bail Out Bill later this year or early next year. 1980's are about to return,only this time it is going to one hell of a dollar amount when it is all counted.

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Response to spanone (Original post)

Mon May 13, 2019, 03:24 PM

5. Hey... remember that time Obama...

Gave out a LOAN to save the auto industry from Bush’s economy and the GOP said he was a communist socialist who was worse than Satan? HAHAHA good times

Certainly not at all comparable to this situation.

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Response to Takket (Reply #5)

Mon May 13, 2019, 06:25 PM

19. Smells like SOCIALISM.......Is this a giveaway?

Nobody knows...


“We’re going to take the highest year, the biggest purchase that China has ever made with our farmers, which is about $15 billion, and do something reciprocal to our farmers so our farmers can do well,” Trump told reporters at the White House.

He did not provide any more details on what kind of an aid package it would be.


https://www.reuters.com/article/us-usa-trade-china-agriculture/trump-says-us-farmers-to-get-15-billion-in-aid-amid-china-trade-war-idUSKCN1SJ22Z

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Response to spanone (Original post)

Mon May 13, 2019, 03:25 PM

6. Or, as the rest of the world calls it, "socialism."

I'm sure his cult followers will see things differently, though.

Everything Trump touches dies. Unfortunately, that's likely going to include the United States of America, even if we manage to get rid of this motherfucker.

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Response to spanone (Original post)

Mon May 13, 2019, 03:32 PM

8. I guess he'll just take it out of all that money China has paid us.

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Response to sinkingfeeling (Reply #8)

Mon May 13, 2019, 06:12 PM

15. Maybe China will even send us their Great Wall, so that Mr. Orange

Dumbass can stop dreaming about a wall.

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Response to spanone (Original post)

Mon May 13, 2019, 03:36 PM

9. Sounds like wingnut welfare for his supporters.

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Response to spanone (Original post)

Mon May 13, 2019, 05:51 PM

10. While demanding that China stop subsidies.

Somehow I think the Chinese are going to wait the Dumpster out.

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Response to Voltaire2 (Reply #10)

Mon May 13, 2019, 06:14 PM

16. China has been building trade connections to the rest of the world.

While Trump has been continuously isolating us.

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Response to spanone (Original post)

Mon May 13, 2019, 05:54 PM

11. Tell those farmers to pull themselves up by the bootstraps........

and REFUSE all that Liburl style "socialism". I mean what self respecting farmer would TAKE a liberal welfare give away?!?!?!

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Response to spanone (Original post)

Mon May 13, 2019, 05:58 PM

12. So we get to pay the tariffs AND the subsidy?

That's the kind of presidenting you don't see every day.

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Response to spanone (Original post)

Mon May 13, 2019, 06:00 PM

13. Trump's insane world.

If he is going to ask for another $15 billion to shore up farmers from his stupidity, then ship to food to American schools so that kids that can't pay for lunch aren't going hungry.

Trump is playing the most naked type of politics. Satisfy a key part of his base, while letting those his base see as undeserving suffer. The man is the most divisive president in this country's history, by far.

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Response to spanone (Original post)

Mon May 13, 2019, 06:19 PM

18. Most of the bailout will go to big Agribusiness

The paperwork that will be required to get the money will likely require a lawyer.

Here is what will likely happen. Family farms go bankrupt, big agribusiness gets a bailout, big agribusiness uses the bailout to buy foreclosed farms.

They voted for him. I have empathy but you get what you deserve sometimes.

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Response to spanone (Original post)

Mon May 13, 2019, 08:03 PM

20. This is at least slightly interesting

When Democrats mention the possibility of raising taxes on the business community even slightly and even if it's for the best of reasons, Republicans are all "you can't do that. Don't you understand business at all? All business taxes are ultimately paid for by the consumer in the form of higher prices." (Which, of course, we already knew.)

When Trump whacks the business community with a tax increase that effectively repeals the Tax Cuts and Jobs Act, Trump's remaining fans are all "woo-hoo! MAGA! Best president ever! Repeal the 22nd Amendment so Trump can serve for life!"

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Response to spanone (Original post)

Mon May 13, 2019, 08:07 PM

21. Someone should ask Trump about the market share he is costing farmers.

The extra money China gives to our agricultural competitors is going to go into making them bigger, cheaper, stronger competitors. What's Trump going to do about that?

Trump is not giving farmers a plan. He's trying to buy them off.

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