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Wapo: White House to prepare $12b in aid for farmers hurt by tariffs
Posted on 7/24/18 at 10:06 am
Posted on 7/24/18 at 10:06 am
LINK
quote:
An announcement could come as soon as Tuesday, according to two people briefed on the matter. This is the latest sign that growing tensions between the United States and other countries will not end soon.
Farm groups have complained that Trump’s tariffs on foreign imports have led other countries to retaliate with tariffs on U.S. products, jeopardizing farmers’ overseas sales of soybeans and other crops.
Under the White House plan, the money will be disbursed in at least three ways, coming through direct assistance, a food purchase and distribution program, and a trade promotion program.
26
Posted on 7/24/18 at 10:07 am to brian_wilson
Gross
Posted on 7/24/18 at 10:08 am to NIH
Little battles to win the war.
Posted on 7/24/18 at 10:08 am to brian_wilson
This will satisfy IB Freedom. Subsidies will keep consumer prices low...his/her biggest beef.
Posted on 7/24/18 at 10:09 am to brian_wilson
I hope we win this trade war fast.
Posted on 7/24/18 at 10:10 am to brian_wilson
$12 billion is a drop in the bucket compared to the hundreds of billions we get ripped off every year by other countries.
Posted on 7/24/18 at 10:10 am to GumboPot
quote:
This will satisfy IB Freedom. Subsidies will keep consumer prices low...his/her biggest beef.
All indications are agriculture products prices would fall with the tariffs, since our supply of ag products would exceed demand, thus causing prices to fall. Thus this aid package.
Posted on 7/24/18 at 10:11 am to FooManChoo
quote:
I hope we win this trade war fast.
trade wars are usually measured in years. Maybe with the internet and the acute pain caused by this, it will be over quicker.
Posted on 7/24/18 at 10:11 am to brian_wilson
Big question is why aren't we eating what these farmers are growing?
Why they gotta export shite?
May help us not be such fat Americans too!
Why they gotta export shite?
May help us not be such fat Americans too!
This post was edited on 7/24/18 at 10:12 am
Posted on 7/24/18 at 10:12 am to brian_wilson
quote:
according to two people
This is Wapo speak for 'we're just making this shite up.'
Posted on 7/24/18 at 10:13 am to brian_wilson
emergency subsidies inbound! can't lose those ag voters!
Posted on 7/24/18 at 10:13 am to GumboPot
BS---this is typical deep state crap. Throw money at the powerful lobby and screw the rest of us.
Now not only is Trump raising prices for all of us with his tariffs he is taking our money and subsidizing a special interest he hurt with tariffs.
This is BS.
Where are you Trumpsters that have been telling me to suck up the tariffs we have coming????
You going to stand with Trump and let him spend our money taking care of important constituents??
This is backfiring "hugely" for Trump. It will cost the republicans the House in the Mid Terms.
Now not only is Trump raising prices for all of us with his tariffs he is taking our money and subsidizing a special interest he hurt with tariffs.
This is BS.
Where are you Trumpsters that have been telling me to suck up the tariffs we have coming????
You going to stand with Trump and let him spend our money taking care of important constituents??
This is backfiring "hugely" for Trump. It will cost the republicans the House in the Mid Terms.
This post was edited on 7/24/18 at 10:18 am
Posted on 7/24/18 at 10:13 am to i am dan
quote:
Big question is why aren't we eating what these farmers are growing?
We produce more than we consume. Our agricultural policies in general are quite bizarre. We pay farmers to destroy crops after all.
Other countries have trade barriers that stop us from benefiting from our productivity and efficiency.
If we can get those trade barriers down we can export all our surpluses.
Posted on 7/24/18 at 10:14 am to brian_wilson
But muh welfare queens
Posted on 7/24/18 at 10:14 am to brian_wilson
Ag is so incredibly subsidized to begin with. It's really hard to tell what an additional $12 billion will do combined with tariffs. This just sounds like a move by the administration to quell some objections while they try to accomplish larger trade goals. 
Posted on 7/24/18 at 10:15 am to I B Freeman
quote:
Throw money at the powerful lobby and screw the rest of us.
absolutely right
all this does is change which domestic group bears the cost of all this tariff business
Posted on 7/24/18 at 10:16 am to brian_wilson
One of the interesting things about the history of farm related tariffs are the strategic element of not being dependent on another nation for a source of food.
I can regurgitate ricardo and friedman international economic theories and make a text book case against tariffs until my face turns blue, however, that doesn't mean I see it as so black and white. More importantly, neither did they.
This is not a surprise to anyone who knows the slightest thing about economics theory or practice. Expect this to change, pivot and manifest itself several times over.
You can quack about it and pretend to be an armchair expert on the matter or you can observe and educate yourself...who am I kidding. Feel free to keep quacking.
Question for Brian, how do you think "trade wars", or more accurately, trade negotiations work?
I'm genuinely curious how little you know. Please share.
I can regurgitate ricardo and friedman international economic theories and make a text book case against tariffs until my face turns blue, however, that doesn't mean I see it as so black and white. More importantly, neither did they.
This is not a surprise to anyone who knows the slightest thing about economics theory or practice. Expect this to change, pivot and manifest itself several times over.
You can quack about it and pretend to be an armchair expert on the matter or you can observe and educate yourself...who am I kidding. Feel free to keep quacking.
Question for Brian, how do you think "trade wars", or more accurately, trade negotiations work?
I'm genuinely curious how little you know. Please share.
This post was edited on 7/24/18 at 10:18 am
Posted on 7/24/18 at 10:16 am to i am dan
quote:
Big question is why aren't we eating what these farmers are growing?
America has been an agriculture exporter for generations. We have far more arable land than most countries in the world. Furthermore, we subsidize crops for export - soybeans and corn - for instance. And then we protect domestic industries that are not competitive - sugar for instance.
Our agriculture policies are seriously broken.
Posted on 7/24/18 at 10:16 am to GumboPot
quote:
This just sounds like a move by the administration to quell some objections
a swamp-style payoff
Posted on 7/24/18 at 10:16 am to I B Freeman
quote:
This is backfiring "hugely" for Trump. It will cost the republicans the House in the Mid Terms.
That what the subsidies are for.
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