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Frequent Contributor

Tiered of winning yet?

Trump said we would get tiered of winning.  If this is what winning feels like then personally I am really tiered of it.  I think its about time to try something else.  

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4 Replies
Honored Advisor

Re: Tiered of winning yet?

"The beatings will continue until morral improves"

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Honored Advisor

Re: Tiered of winning yet?

$300 Billion of Chinese  products with and additional 10% tariff = $30 Billion revenue.   That would buy 3 billion bushel of soybeans at $10/bushel....probably the 2019 US bean production.  Just to put it all in perspective.

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Veteran Contributor

Re: Just to put it into perspective....

Just to put it into perspective, the trump administration has or will soon borrow some $28 billion from the Commodity Credit Corp. to compensate farmers and other agricultural producers for their losses due to the trade war.  That's $28 billion borrowed in the taxpayers' name.

  And remember, that $30 billion in tariffs comes from Americans paying the tariff, not the Chinese.  So in effect, the taxpayer get to pay twice, once in the pocketbook and then again with the additional debt.

 And to top it all off, the spring crop insurance revenue price for soybeans is $9.54 vs the current Nov. price of $8.65 so  as things stand, the RMA is going to be making up that difference as well.

  At some point, the taxpayers may well be asking themselves is it all worth it, given that the Chinese are no closer to an agreement.

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Honored Advisor

Re: Just to put it into perspective....

Look at it this way, the Chinese tariffed US beans and essentially aren`t buying any/much, they have ASF so don`t need as much. Whatever the tariff is on US for them to raise it wouldn`t have effect (25% and they aren`t buying any. A 50% tariff  and they probably couldn`t buy any less) they shot their load..beans are their only bargaining chip, it`s not like they buy US made Levis and tv sets.    The US on the otherhand has just begun. 

The $300 billion of Chinese goods had a tariff of 25% that went to the US Treasury, Libs want to raise taxes all the time, well there you go, it`s a tax on US consumers that buy Chinese goods....if you don`t like it find an American made alternative or go without.  

The 10% we`re talking about now is an ADDITION to the 25% tariff that is punishment for backing out of a deal they agreed to, to buy more US ag products.  They already reneged on that deal, the additional 10% tariff is just a "restocking fee"  Smiley Happy  

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