Text WSJ News Exclusive Economy U.S. Collects a Record $7 Billion in Tariffs in September Tariff revenue jumped 9% from August and was up more than 59% from a year earlier https://www.wsj.com/articles/u-s-co...er-11573052402?mod=searchresults&page=1&pos=1
Farmers say it's not enough , and there isn't any money left for the laundromats. Farmers are slamming Trump's $28 billion farm bailout — more than double Obama's 2009 payment to automakers — as a 'Band-Aid' Farmers are slamming Donald Trump over his trade war with China, saying his administration's bailouts to the agricultural industry are like a 'Band-Aid' when it comes to helping those affected by the tariffs. As president, Trump has repeatedly slapped tariffs on Chinese goods entering the United States, sparking tit-for-tat tariff hikes from China on products including agricultural goods. As a result, exports of goods such as soybeans and pork to China have dropped off dramatically, with the Financial Times reporting that in the first five months of 2019, the US exported 4.3 million tonnes of soybeans to China, down from 15.2 million in the same period last year. To compensate, Trump has provided $28 billion in bailouts for farmers over the past two years — more than twice the $12 billion Obama paid out to automakers crippled by the financial crisis in 2009. But farmers are saying the bailouts aren't going far enough.
Americans pay the tariffs not the foreign companies. Strategic tariffs are useful but broad use in a trade war is foolish. We now subsidize 40% of American farmers incomes because of this stupid trade war trump is losing.
I fault Trump for not taking China to the Wall. 50% - 100% tarriffs. Ban on Federal Employee retirement funds invested in Chinese companies. Ban Hauiwai and ZTE outright. Force all listed China symbols on every American exchange to conform with GAAP accounting standards (no listed Chinese corp undergoes audited financial statements .....like every other G20 country, including America....they just cook their books, say "trust us"). Remove the US Dollars. China has a US dollar problem. Take them to the fucking wall. Then negotiate a trade deal favorable to US interests. Anyway. lets see.