I know that this sort of thing is getting tiresome, but it’s still very relevant.
The most obvious casualty of that earlier round of threats was US farmers, who stood to lose a enormous portion of their export market. Then Trump declared that the problem had been solved, when a week ago China and the US supposedly reached a broad agreement that would see China buy more instead of less. So much more that, according to Trump, China would buy “practically as much as our Farmers can produce.” However, everything from last week now seems to be out the window, and Trump is once again promising a “final list” of items to face tariffs. Farmers are once again the most likely to immediately suffer from any retaliation.
Also note that Minnesota Senate District 13 is farm country.
When Republicans do well in elections in Minnesota, it’s generally because outstate DFLers didn’t vote. It seems like many only do vote when they’re angry, anxious, really disgusted, etc.
The president of the American Soybean Association (ASA) issued a scathing statement Wednesday in response to Donald Trump’s escalating trade war with China that suggests just how “devastating” Trump’s offensive could be at the polls in November.
“It should surprise no one that China immediately retaliated against our most important exports, including soybeans. We have been warning the administration and members of Congress that this would happen since the prospect for tariffs was raised,” ASA President and Iowa farmer John Heisdorffer said, adding that China’s plan to impose 25 percent levies on soybeans would be “devastating” to American soybean farmers.
It’s probably more likely than not that something will get worked out before the next harvest. But in any case uncertainty makes it harder to get loans and so forth. And the last thing a lot of farmers need is more stress.
Comment below fold.