Photo by Retiring Guy
Headline: Milwaukee Journal Sentinel, 12/6/2024
Farmers as masochists:
U.S. agriculture hasn’t fully recovered from a trade fight that Trump started in his first administration when he imposed higher tariffs, essentially a tax, on $370 billion in products from China.
The Chinese government retaliated with countervailing tariffs of up to 25% on over $100 billion worth of U.S. products, targeting soybeans, beef, pork, wheat, corn and sorghum. It then turned to Brazil and other countries, rather than the United States, for those commodities.\
American farmers lost $27 billion in export sales in 2018 and 2019, largely from the China tariffs, according to the U.S. Department of Agriculture.
Clearly, some people are slow learners.
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